Startup Financial Resolution
Startup Financial Resolution
The Board of Directors of [YOUR COMPANY NAME] hereinafter referred to as "the Company", during its meeting held on the [DAY] day of [MONTH DAY, YEAR] at the [VENUE ADDRESS], has reached the following resolution:
The Company recognizes the need for prudent fiscal management in order to thrive in the ever-competitive business environment. It admits that well-balanced financial management practices are critical for the welfare and survival of a startup like [YOUR COMPANY NAME].
Therefore, the Company resolves to:
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Ensure utmost fiscal discipline, making every effort to increase the efficiency of operational expenses and decrease unnecessary costs.
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Maintain a conservative financial policy with a focus on long term sustainability rather than short term gains.
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Develop a sustainable financial plan, with a clear focus on revenue generation and cash flow management.
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Retain a reliable third-party firm to conduct annual financial audits, thus ensuring transparency and credibility of the financial operations. The selected audit firm should be registered with the local authorities and have a proven track record.
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Establish a financial reserve to guard against unforeseen circumstances and safeguard [YOUR COMPANY NAME]'s operations from potential fiscal shocks.
The Company believes that implementation of these resolutions will significantly contribute towards financial stability and ultimately, the success of [YOUR COMPANY NAME].
The above resolution was duly approved and adopted by the board of directors, on the said date and place.
Signatures:
[Board Director's Name & Signature]
[Board Director's Name & Signature]
This is a true and accurate representation of the resolution duly adopted by the board of directors of [YOUR COMPANY NAME] on [MONTH DAY, YEAR].
[Company Secretary's Name & Signature] Date: [MONTH DAY, YEAR]
