Corporate Resolution (Limited Partnership or LLC - Corporate General Partner or Manager) - New Hampshire

Corporate Resolution (Limited Partnership or LLC - Corporate General Partner or Manager) is a legal document that was released by the New Hampshire Department of Natural & Cultural Resources - a government authority operating within New Hampshire.

FAQ

Q: What is a corporate resolution?A: A corporate resolution is a formal document that outlines decisions or actions taken by a corporation.

Q: What is a limited partnership?A: A limited partnership is a business structure where there are both general partners who manage the business and limited partners who are passive investors.

Q: What is an LLC?A: An LLC (Limited Liability Company) is a legal entity that provides limited liability protection to its owners, known as members.

Q: What is a corporate general partner or manager?A: A corporate general partner or manager refers to the role of a corporation in a limited partnership or LLC, where the corporation acts as the manager or general partner.

Q: What is the purpose of a corporate resolution for a limited partnership or LLC?A: The purpose of a corporate resolution in this context is to formally authorize actions or decisions made by the corporate general partner or manager on behalf of the limited partnership or LLC.

Q: What types of decisions can be included in a corporate resolution?A: A corporate resolution can include decisions such as entering into contracts, acquiring assets, authorizing investments, or hiring employees.

Q: Is a corporate resolution required for every decision?A: Not every decision requires a corporate resolution. It depends on the significance and potential impact of the decision.

Q: Is there a specific format for a corporate resolution?A: There is no specific format required for a corporate resolution, but it should be written clearly and include relevant details such as the date, specific actions, and authorized individuals.

Q: Are there any legal requirements for filing a corporate resolution?A: In New Hampshire, there are no specific legal requirements for filing a corporate resolution, but keeping a copy of the resolution in the company's records is recommended.

Q: Who should sign a corporate resolution?A: The corporate resolution should be signed by an authorized representative of the corporation, such as a director or officer.

Q: Can a corporate resolution be revised or amended?A: Yes, a corporate resolution can be revised or amended if needed. A new resolution should be adopted to reflect the changes.

Q: Do I need legal assistance to create a corporate resolution?A: While legal assistance is not required, it is recommended to consult with an attorney familiar with corporate law to ensure the resolution is properly drafted and meets all legal requirements.