Hi Everyone,
I’m in the middle of closing on my first rehab loan and now I find out that in addition to forming an LLC to get the loan, that I need to provide a “Corporate Resolution form” stating the members that are authorized to sign for a loan. Does anyone have a form or basic outline for this.
Being a 2 member person on the new LLC, we stopped with the articles of Incorporation.
Thanks for your help with this.
LLc’s don’t have corporate resolutions. corporations do.
what you need is a management agreement (or sometimes called operating agreement).
email me.
for everyone else: if whoever sets up your LLC doesn’t provide this, find someone else.