Hello po. I just want to ask what the legalities are involved in terms of Board Resolutions. What kind of matters or decisions must be created by a Board Resolution? What decisions in Board meetings can make them legally binding? Could you please give me some examples? I know that, for example, purchasing land for office space is certainly a big decision and, therefore, would be legally binding when a motion is passed in a Board meeting. What about changing the name of the business, purchase of equipment, making rules in a Board meeting?
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