Organizational Resolutions

Organizational Resolutions

$27.00

Members of an LLC sign this Action by Consent in lieu of a meeting to authorize the Company to take actions related to forming and organizing the company.

Description

The purpose of this Action by Consent in lieu of holding a meeting of the members is to authorize the following actions:

  • Authorizing the Company to reimburse members for start up expenses paid by the members
  • Issuing membership interests to the people, companies or trusts set forth in the Action by Consent and their membership percentages
  • Requiring members to pay specified amounts for their membership interests
  • Electing managing members (if member managed) or managers (if manager managed)
  • Company signing the Operating Agreement
  • Opening a bank account
  • Specifying who can sign the company’s bank account
  • Authorizing the hiring of an accountant
  • Authorizing the Company to file an IRS Form 2553 if the members vote to have the LLC be taxed as a S corporation
  • Miscellaneous other actions

The following common resolutions are included:

  • Resolution Electing Manager
  • Resolution Approving Hiring Employees
  • Resolution Authorizing Reimbursement of Member or Manager
  • Resolution Approving Entering into a Contract
  • Resolution Approving Lease
  • Resolution Approving Transfer of Land to the Company
  • Resolution Approving Transfer of Land to the Company & Assignment & Assumption of Lease
  • Resolution Approving Bank Account
  • Resolution For Purchase or Sale of Real Estate
  • Resolution for Paying Meeting Attendance Fees to Members
  • Resolution Approving a Loan
  • Resolution to Amendment the Articles of Organization
  • Resolution Authorizing Sale/Transfer of Membership Interests
  • Resolution Authorizing Litigation
  • Resolution Accepting Manager’s Resignation
  • Resolution Removing a Manager or Employee

Disclaimer:  If you purchase this form, you are buying a product from Richard Keyt and KEYTLaw, LLC. (collectively the “Firm”), and you are not hiring the Firm to provide any legal services or legal advice or represent you in any capacity.  If you modify the form in any way, you are solely responsible for the legal affect of the changes you make.  The form is drafted to comply only with Arizona law because Arizona is the only state where Richard Keyt is licensed to practice law.   Do not use this document in any state other than Arizona without first having it reviewed and modified as necessary by an experienced attorney in the state where you intend to use the form.  The Firm makes no representations or warranties of any kind with respect to this form.  The Firm disclaims all warranties for fitness for a particular purpose.

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