There are many appropriate and legal possibilities to formulate a company decision for the signature of the authority. This example is just one example of how such a resolution can be formulated: if a company is small or concentrated – or both – these types of questions may not be so frequent. It can be easy for one or two people to manage one of these types of agreements. However, if a business grows and expands geographically, things can get more complicated. A company decision is a formal statement by a board of directors that officially records certain decisions that are essential for a company. These decisions are adopted by the board of directors, officially registered by a company secretary and recorded in the official records of an enterprise. Finally, if your company has an official seal, it must be affixed in an appropriate place on the decision. In the absence of a seal, the notation “LS” can be written in a circle next to the secretary`s signature. When a company is small, has been working in the same company for a few years and has experienced staff used to dealing with these problems, there is usually no problem. Indeed, even if there are no established processes, everyone knows who is doing what, and this has been ratified by corporate decisions that give the parties involved the necessary authority. In addition, the company secretary or any other executive of the company, and not the person who obtains the signing authority, must sign the certification of dissolution of the company.
The decision must also contain the exact text of the decision approved by the Management Board. All contracts subsequently signed by authorized parties must be signed by name exactly as indicated in the authorization of the Board of Directors. Fortunately, there is a simple formula for writing corporate decisions for the signature of authorities who tick all the boxes and ensure that the wishes of your board of directors are satisfied when it comes to knowing which executives and employees have the power to act on behalf of the company. Among the types of transactions normally included in this signing power are employment contracts, sales contracts, real estate sales, leasing or purchases, as well as many other types of agreements essential to the activity of a company. This decision was made by the Board of Directors of _______ For a business to succeed, it is essential to ensure proper entity management. Gone are the days when a single company secretary or lawyer could handle such cases. If a company grows, acquires new businesses and expands into new areas, its business naturally becomes more complex. One area that can stumble upon a growing business is the question of who has the power to retain a business by signing legal documents – and when. . . .