Commercial Real Estate Agent · Saint Paul, MN · Member since 2011 · 2 posts · 0 votes
I am buying an investment property all cash with a parter and want to purchase in the LLC name we have set up. In the PA, how do we sign? With the LLC name written and our signature above? Any help would be much appreciated.
Typically as "your signature, title, company name". Title might be "manager" or "owner" or "member". Sometimes you might also need an authorization from the LLC stating you have the power to sign for the company.
Typically as "your signature, title, company name". Title might be "manager" or "owner" or "member". Sometimes you might also need an authorization from the LLC stating you have the power to sign for the company.
Yes, be sure to draft a resolution authorizing the purchase, and authorizing you as the signer. The resolution will be signed by both of you. Also a good idea to write something up for your company records with the purchase terms, expected return, etc. (Reason you purchased it.). All part of fortifying the legitimacy of your business entity. Get the Nolo book on running an LLC, since it sounds like you may not have used an attorney. May want to consult with one.
Yes, be sure to draft a resolution authorizing the purchase, and authorizing you as the signer. The resolution will be signed by both of you. Also a good idea to write something up for your company records with the purchase terms, expected return, etc. (Reason you purchased it.). All part of fortifying the legitimacy of your business entity. Get the Nolo book on running an LLC, since it sounds like you may not have used an attorney. May want to consult with one.
Is the resolution only necessary if your LLC has more than one member?