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.