CORPORATE TRANSACTIONS THAT SHOULD BE AUTHORIZED BY MINUTES

(1) Promissory note signed by an officer of the corporation on behalf of the corporation.
(2) The incurring of a major debt or pledge of corporate assets.
(3) Transactions whereby the corporation loans money to an individual.
(4) Banking resolutions.
(5) Lease transactions.

(6) Long-term contracts.
(7) Change in S-Corporation status.
(8) Change of registered office.
(9) Use of new trade name or change of corporate name.
(10) Change in stock ownership.

(11) Purchase of major asset or real estate.
(12) Change in officers or board of directors.
(13) Purchase, sale or other conveyance of real estate.
(14) Any transaction outside the ordinary course of business.
(15) Issuance of stock or transfer of stock back to corporation (redemption).

(16) Major lawsuit commenced by the corporation.
(17) Bonus paid to officer or employee.
(18) Establishment of employee benefit plan, profit sharing plan, cafeteria plan, etc.
(19) Obtaining tax increment financing.
(20) Decision to issue stock to public (i.e. "going public").

Information provided courtesy of
Douglas P. Radunz, Attorney at Law
2410 Centre Village . 431 South Seventh Street . Minneapolis, Minnesota 55415
612.337.5353 . fax 612.337.5472 . www.radunzlaw.com. radunzlaw@gmail.com

The material on this website is provided for general information purposes and not as specific legal advice. Legal advice is given only after the formation of an attorney-client relationship. The reader should always consult with an attorney in his or her home state or jurisdiction for specific legal advice. Douglas P. Radunz practices only in the State of Minnesota, and he is not licensed to practice law in other jurisdictions. Communication to Mr. Radunz via email does not create an attorney-client relationship.
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