This Directors Resolution Authorizing Profit Sharing Plan gives the corporation to right to adopt and implement a profit sharing plan. This resolution was made at a formal board meeting and sets out the date and time of the meeting, as well as the quorum requirements. Also included is a Consent Resolution which authorizes the implementation of a profit sharing plan by the board without holding a formal meeting. This consent resolution must be signed by all board members. Both resolutions become a part of the corporation's official record.

This Directors Resolution Authorizing Profit Sharing Plan includes:

• Checklist: Detailed checklist which spells out the type of resolutions which should be approved at a formal board meeting;
• Authorization Resolution: Resolution which sets forth that the board approved the implementation of a profit sharing plan at a formal board meeting;
• Notes/Instructions: Notes regarding those resolutions which can be approved without holding a formal board meeting;
• Consent Resolution: Consent resolution which was agreed to without a formal board meeting. This consent gives the corporation the right to adopt a profit sharing plan.

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1. Information
2. Directors Resolution Authorizing Profit Sharing Plan

State Law Compliance: This form complies with the laws of all states