Document background
A Board Resolution Closure Of Business is a crucial corporate document required under Dutch law when a company's board of directors decides to cease operations and close the business. This document is essential for companies registered in the Netherlands and must comply with the Dutch Civil Code (Burgerlijk Wetboek), particularly Book 2, and the Dutch Corporate Governance Code. It serves as the official record of the board's decision and provides the legal basis for implementing the closure process. The resolution should be used when the board has made a definitive decision to close the business, whether due to strategic reasons, financial circumstances, or other factors. It must include specific details about the closure process, timeline, employee provisions, asset disposition, and compliance requirements. The document is particularly important as it provides protection for board members by demonstrating proper corporate governance and decision-making processes.
