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What is a Banking Resolution?
What is a Banking Resolution?

This article explains what a Banking Resolution is and what it is used for.

Updated over a week ago

A banking resolution is the simplest way to authorize someone to open a bank account and provide a signature for the business.

This document is created by the owners of a limited liability company (LLC) or the board of directors of a corporation. It is commonly agreed on during the initial meeting of the owners or board, but it can also be drafted or altered in future meetings. We provide a banking resolution template so your business can quickly and easily complete the resolution to open your business bank account and assign signature authority.

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