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A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [ 1 ] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name . [ 2 ]
Such a resolution, when certified by the corporation's secretary, gives assurance to the other side of the transaction that the sale was properly authorized. Other examples include resolutions approving the opening of bank accounts or authorizing the issuance of shares in the corporation.
The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.
Apply for an account: The first step is submitting pertinent personal information after customers find a bank they want to open an account with. Follow the application steps laid out on the website.
A savings account in an online or brick-and-mortar bank is a safe place to keep your money, as savings accounts are covered by the National Credit Union Administration or FDIC insured up to ...
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