What is a corporate resolution to open a bank account?
When you need to open a bank account, the bank you select will require a banking resolution document. The bank will require this document to prove that the person opening the bank account is authorized to act on behalf of the company.
This document is usually needed at the first meeting of the members of the LLC or at a board of directors meeting for a corporation. The corporate resolution document can be altered at any time by the LLC members or board of directors for a corporation.
The corporate bank resolution states who can make banking decisions, i.e. borrow money and act as authorized check signers. Any changes going forward are made by the LLC members of in the case of a corporation, the corporate secretary.
Complete this form and we'll quickly prepare a corporate resolution to open a bank account. We'll need some basic information, i.e. name of company, date of resolution, and full name(s) of authorized representatives.
The bank will keep your corporate resolution in their files.
This document is sometimes known as: bank resolution, corporate banking resolution, LLC banking resolution, LLC resolution to open bank account, bank account resolution, board resolution for bank account, or corporate resolution for bank account.