What is the importance of corporate resolutions?
Corporate resolutions are extremely important. As individuals we make decisions. We don’t need to answer to anyone. However, a corporation cannot speak for itself. This is where a corporate resolution comes into effect. They in essence state what is going to be done because it was approved by the owners, directors, etc. Therefore, whenever a decision needs to be made that will affect the company as a whole, it is highly encouraged to have a corporate resolution.