Partnership Resolutions
Partnership Resolutions:
Partnership Resolutions are formal decisions made by the partners that are recorded in writing. They typically address significant issues or changes in the partnership, such as the admission of a new partner, the sale of a major asset, or the amendment of the partnership agreement. Resolutions are usually adopted by a vote of the partners, either at a meeting or by written consent. They should include the date of the decision, the names of the partners who voted, and a clear statement of the action being taken. Partnership Resolutions serve as an official record of the partnership’s decisions and can be used to demonstrate compliance with legal or regulatory requirements.
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