Document background
A Resolution of the Sole Director is utilized when a corporation with a single director needs to formally document important business decisions. This document is commonly used in smaller corporations or closely-held companies in the United States where there is only one director responsible for corporate governance. The resolution can cover various corporate actions including financial decisions, operational changes, appointment of officers, entering into significant contracts, or authorizing specific transactions. It must comply with relevant state corporate laws and the company's bylaws, and often serves as evidence of proper corporate authorization for third parties such as banks, government agencies, or business partners.
