Glossary · People and paperwork
Corporate resolution
In short
A formal document recording a specific decision or action approved by a corporation's board of directors or shareholders. It grants authority for major business decisions.
What it means in a deal
When acquiring a business structured as a corporation, you'll see seller corporate resolutions authorizing the sale of assets or stock. As the buyer, if you're forming a new corporation, your board will pass resolutions to authorize the loan and acquisition. This is standard legal paperwork for corporate entities.
Related terms
Common questions about Corporate resolution
- What specific conditions trigger the requirement for a corporate guaranty in addition to personal guarantees?
- Can a corporate entity provide a guaranty instead of a personal one for some minority owners?
- Are there specific circumstances where the SBA might require a corporate guaranty in addition to personal guarantees?
- Can a corporate entity, not an individual, provide a gift that counts towards my equity injection for an SBA loan?
- Can an SBA 7(a) loan be used to purchase a business with a complex corporate structure involving multiple entities?
- Under what specific circumstances might a non-owner corporate entity be required to provide a guaranty for an SBA 7(a) loan?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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