Set up a banking resolution for your business
Use a banking resolution to officially authorize someone to open a business bank account.
The banking resolution properly records company decisions and proves to financial institutions that the person applying for an account is authorized to act on behalf of the company.
12,987 reviews
Easy to set up in minutes
User-friendly template
Quickly and easily complete a resolution to designate who can open your business bank account.
Adopted by owners
The resolution must be adopted by the owners for an LLC or board of directors for a corporation.
Assigns authority
The resolution authorizes who can open a bank account and provide signature at the bank.
How our banking resolution works
We make it easy to get a banking resolution, so you can start banking even faster.
When you log in to your dashboard, go to the banking resolution in your Document Center.
The easy-to-use template lets you quickly assign an authorized person to open a business bank account.
Once the resolution is signed and completed, your owners or board can officially start using it.
Banking Resolution FAQs
-
An LLC or corporate banking resolution is the simplest way to authorize someone to open a bank account and provide signature for the business. This document is created by the owners for a limited liability company (LLC) or the board of directors for 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.
-
For protection. Separating your business from personal minimizes the risk of losing your personal assets in a lawsuit. Also a business bank account builds trust and credibility with your customers, vendors, and suppliers.
