How Do You Sign For Your LLC?

Comments(5)

• 
  kls13th August, 2004

  An LLC has members and a managing member. For an LLC, I've come across, in my research, the "Chief Executive Manager" title. That's what I use. I sign documents "John Doe, CEM". It establishes a top authority if you decide to add other managers. I did also specify this in my op agreement.
  
  I hope this helps.
  
  KB

• 
  JohnMerchant13th August, 2004

  Speaking of who signs, I've seen some slick, albeit slightly shady deals done regarding this issue:
  
  A couple of years ago, a note on a TX business was really interesting me (to buy same).
  
  The alleged buyers were a TX zillionaire couple with lotsa $$$, and fine credit and financials.
  
  Those folks had bought a flourishing TX night club and had given the seller their note for most of the purchase price.
  
  BUT, on my close examination of the note & purchase contract signed by the debtors (and prepared by their lawyers), I saw that in fact that note and agreement were NOT individually signed, but were signed only by Joe & Mary Smith as President & VP of their corporation...and NOT as individuals!
  
  So of course I had no interest and didn't buy the note.
  
  Some months later in again talking to the TX note holder who'd sold that business, I learned that the TX rich folk had indeed grown weary of playing with their new toy (the business their corp. had bought) and had just quit paying their note.
  
  What recourse did the note holder have?
  
  None, except to go back, take over the business, build it up again, and start all over.
  
  Because of course the only asset the TX buyers' corp had was that property, so it wouldn't have been worth suing the corp.
  
  So whenever you're thinking of taking a note , make sure you're getting one personally signed & guaranteed, and not just one from their corp.
  [addsig]

• 
  wexeter15th August, 2004

  I thought the easiest way would be to show an example:
  
  THE SAMPLE COMPANY, LLC, a Delaware limited liability company
  
  By: THE LLC HOLDING CORPORATION, a Delaware corporation, as its sole member
  
  
  
  By: William L. Exeter
  President and CEO
  [addsig]

• 
  ew8615th August, 2004

  I got this sample from Bronchick course:
  
  Member-managed:
  ABC LLC, An Arizona Limited Liability Company
  By: <first_name> <last_name>, its managing member
  
  Manager-managed:
  ABC LLC, An Arizona Limited Liability Companye
  By: <first_name> <last_name>, its Manager

• 
  labellavita16th August, 2004

  thanks everyone!!!