Thank you for your kind words:
Being a small start-up company we find that individually crafted agreements are simply too expensive. But the requirements on all businesses, especially in the area of employment, mean that it is imperative that appropriate employment contracts, employee handbooks and associate documents are executed for the protection of both the company and the employee. We have used LawLive employment agreements extensively.
Alex Anderson - Integrated Software Solutions
Minute of Sole Director's Resolution for Appointment As Trustee
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| Document Type: | Microsoft Word |
| Build Time: | 6 Min |
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Where there is a Sole Director company and the company is being appointed as trustee of a Trust, this is the formal Minute recording the company's agreement to act as trustee of the specified trust.
(For a company which is not a Sole Director company, see our related template.)
This Minute of Sole Director's Resolution for Appointment As Trustee also records acceptance of the Settlor's cheque and records the decision to open a specific bank account with a nominated bank.
It is most prudent for a person who is a Sole Director to have a current valid will. If there is no director of a company, the company may well become unable to operate. Section 201F of the Corporations Act 2001 sets out the special rules for the appointment of directors for single director/single shareholder proprietary companies on the death of an intestate sole director, however the outcome of this process may not necessarily be in the best interests of the company - for more information see ASIC Publications/Information Sheet 73 "the importance of sole company directors/shareholders of having a will" on the Australian Securities & Investments Commission (ASIC) website at www.asic.gov.au.
The Minute of Sole Director's Resolution for Appointment As Trustee attaches the following related materials:
1. Information about minute of directors resolution for when acting as trustee of a discretionary trust
2. Checklist when acting as trustee of a discretionary trust
3. Checklist for establishing a discretionary trust
