e-Sign with Lawpath
Solvency Resolution
A Solvency Resolution is a declaration made by a company’s directors that the company is able or unable to pay their debts as they fall due.5.0 (11 reviews)
Under 5 minutes
Suitable for Australia
Document Overview
In accordance with the Corporations Act 2001, the majority of decisions your company makes must be made using a resolution. In order for your resolution to comply with these laws, the document must be signed by all shareholders who are entitled to vote.
It’s important to remember that despite the fact legislation allows you to pass a resolution in this way, your company constitution or shareholders agreement may require a different process. For example, your constitution might state that shareholders must hold a meeting for all resolutions. Therefore it is recommended that you review these documents first to check whether your company has a specific procedure regarding passing resolutions.
Use this Resolution If:
- You want to formally acknowledge that the company is solvent.
- All relevant directors agree the company is solvent.
- Your company constitution or shareholder’s agreement does not have any conflicting procedures concerning passing resolutions
What does this Resolution cover?
- Confirms the company is solvent/
- Signatures by the relevant directors confirming the company’s solvency.
Further information:
It's never beenso easy
Sign-up to a free Lawpath accountLawpath is free to join, and you get one free legal document when you sign-up. Also, you can receive unlimited e-signature requests with your Lawpath account.
Collaborate with e-Sign and SharingHaving access to your legal documents has never been easier. You can request e-signature, share the document and download for an efficient collaboration.
Create unlimited legal documents and eSignatures for only $39/month.Upgrade to a Lawpath legal plan to boost your new business.
View plans & pricing
Here's what people say about Lawpath’s Solvency Resolution
Well efficientThe website is very efficient, love how simple questions can create a document as effective as a company resolution, love it
Private user
Really simple and easy to useI thought the process would be much more difficulty than it is. Super simple to complete. Very happy
NicoleC
Very eay processA very simple way to produce a meaningful document
Rob K
Website terms & conditionsThis document was easy to create, edit and use. Very comprehensive.
Glen
Exactly what is requiredThe document was simple and exactly what i required
Edel
Great toolM first time using lawpath. Really impressed, great service.
ShaunC
Business legals made easy!Lawpath is a great service for small business owners.
Richard Austin
Great so farI am enjoying using lawpath and everyone is very supportive to help us get off to a great start with our business.
vicki
Perfect, easy to use.I love the ease and convivence of the website and the questionnaire is great! Thanks
Private user
Super easySuper easy to create my first legal document online
NT68
Powered by
