A board of directors resolution (also called a “board resolution”) is the result of a director vote authorizing a specific business action. Major decisions by the board of directors should always be formally documented in writing and added to the corporate record. We offer a free template for you can use to document your board resolutions.
Our board resolution template is free for you to use to formally record decisions made by your corporation’s board of directors. Like all our forms, this template is for individual use. Need a different template? We also have other resolution forms, including general corporate resolutions and shareholder resolutions:
While day-to-day operations (like paying bills) don’t require resolutions, more significant actions should be formally voted on, approved and documented. Corporations typically require resolutions for any actions with major financial implications, changes in procedures or changes in authority. For instance, the following actions would all typically require a board resolution:
Resolutions are added to the corporate book and become a permanent part of the corporate record. Board resolutions aren’t filed with any state agency (like Articles of Incorporation or annual reports), but they can be audited by state agencies or the IRS.
A resolution should be clearly stated and signed by all the directors to document their unanimous approval. Our free template for a board of directors resolution includes space for the following information:
We do! We have templates for bylaws, Articles of Incorporation and more.
