, that the Company is hereby authorized to purchase the Property for a total purchase price not to exceed $[Amount];
A corporate resolution is a formal document that records a major decision made by a company’s Board of Directors or shareholders. When a business wants to purchase real estate, the resolution serves as the official "story" of how and why that decision was made. The Purpose of the Resolution corporate resolution to buy property
, the Board of Directors has determined that it is in the best interest of the Company to acquire certain real property located at [Address/Legal Description] for the purpose of [Business Purpose, e.g., expanding operations]; , that the Company is hereby authorized to