Signatures On Documents
I'm planning on doing a Sub2 deal in the next few weeks. Justwaiting on some final paperwork with my new LLC. When signing documents, should I use LLCs name? My name? (land contracts, purchase agreements, warranty deeds, etc.) I really could use the feedback.
Newbie
when you sign, just sign "in the name of..."...if that makes sense.
When I fill out contracts, My LLC is the buyer and when I sign, I will sign my name and put __________, Manager.
Some people are big on titles so they will sign as the President or something like that. Just make sure you put a comma and your title after your signature.
Depends who's signing what.
e.g., when I'm signing I'd rather sign NON-personally, and as officer of LLC or corp. But when the other guy is signing I insist on his/her personal signature & liability on the deal...as I know that just getting the LLC's signature is gonna be pretty worthless.
Recently I was working with an Austin TX seller of a big nightclub to help him sell the purchase note he took from the Dell zillionaires who bought the club from him...all was going well until I finally saw the note itself, and saw that it was signed by the Dell folk, but only as "President" and "Vice President" of Nightclub, LLC.
NO personal signatures.
So of course the note was worthless and the poor seller had nothing to sell...and he ended up having to go back and sell it again when those rich (but smart!) folk walked away without a backward glance.