FAQs: How to Complete a Corporate Resolution
- What application do I use to set up a business account?
When do I use a Partnership Agreement?
Use the Partnership Account Agreement (PDF) to name the persons authorized to act on the behalf of a new or existing partnership. In addition to the business account application and the partnership agreement, if you're setting up a new partnership, you may need to provide the title page and signature page of your company's partnership agreement that specifically names the general partners. General partners are the persons authorized by the partnership to transact business, but there may be additional limited partners who are not required to sign the Partnership Account Agreement.
If a bank or corporation is named as a partner, you'll need to complete a corporate resolution to include the information for the authorized individuals of the corporation.
What forms do I need to provide when I'm setting up an Investment Club?
In addition to completing the Fidelity Account® Business application, please submit an Investment Club Cash Account form (PDF). You'll also need to provide the appropriate supporting information showing who can act on the account, such as a partnership agreement, an investment club charter, or a corporate resolution.
When do I use the resolution of unincorporated business?
Use this form to name or update the authorized individuals or the sole officer for an unincorporated entity or sole proprietorship, including nonprofit organizations, churches, and charitable organizations. For these accounts, please complete the Resolution of Unincorporated Business form (PDF) (along with a business application if you are establishing a new account).
When do I use the Beneficial Ownership for Trusts form?
This form is not used to add or remove authorized individuals on a business account. This form is only used if the beneficial owner of a business account is a trust. If that's the case, use the Beneficial Ownership for Trusts form (PDF) to update information for the grantors, settlors, trustors, or donors of the trust. These individuals cannot act on behalf of the account.
What is a Corporate Resolution to Transfer Securities form?
This form is for control and restricted securities; it's not for a business account setup. The Corporate Resolution to Transfer Securities form is used to deposit certificates to be held in street name and to facilitate the selling of restricted stock. If you have control and restricted securities, we strongly recommend that you contact one of Fidelity's specialists in the Control and Restricted Stock Services Group at 800-544-6161 (Monday to Friday from 8:30 a.m. to 6 p.m., ET) before attempting to complete any documentation.