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A corporate resolution is used in businesses and companies to perform a certain corporate action. A corporate resolution is typically presented in the form of a formal written document. The actions presented in this document either have been voted on or will be voted on by the company’s board of directors in a specific corporate resolution meeting.
The resolution document could be presented for virtually any decision made by the board of directors. It is often used to make decisions about how is allowed to represent and act on the company’s behalf. The document may also be used to make decisions about property purchases for the corporation.
A corporate resolution document may not be required for all situations, but it is always a good idea to have one in order to protect the company and its board of directors in case of any disputes or discrepancies.
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