Document background
A Board Resolution For Sole Proprietorship is an essential legal document in Nigerian business operations, particularly when a sole proprietor needs to formally document significant business decisions. While sole proprietorships don't have a traditional board structure, these resolutions are often required by banks, government agencies, and other institutions as evidence of the proprietor's authority and decision-making. The document is governed by Nigerian law, specifically the Companies and Allied Matters Act (CAMA) 2020, and can be used for various purposes including opening bank accounts, authorizing significant transactions, appointing representatives, or establishing business relationships. It typically includes detailed information about the business, the proprietor, and the specific decisions being made, and often requires proper witnessing or notarization to be legally valid.
