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Is a partner in an sub s corp liable for signing a personal guarantee on a lease on behalf of the corp?
Wiki User
∙ 15y ago
I'm not a lawyer, but my understanding is that sub s corps do not have "partners", they have shareholders, which is an important distinction, because it means you are definitely not liable unless you signed the personal guaranty. As for the need to sign, that is part of the negotiation - they might insist on it. Also, when signing, there is a distinction between signing as an officer of the corporation vs. signing personally: always sign, "ABC Corp.", then below, "by: Joe Q. Smith, President" which means you are signing as an officer, as distinct from signing as an individual.
Wiki User
∙ 15y ago
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Signing on behalf of someone else?
Many people choose to sign something on behalf of someone else. Typically wives and husbands will sign on behalf of their partner.
What does its mean on a contract signature line?
"Its" means, literally, just that. As in you are "John Smith" signing on behalf of "John & Co" as Its President. The purpose of this is to indicate that you are signing only on behalf of the entity rather than as an individual, therefore protecting you from personal liability.
What is acronym for signing on behalf of?
pp
What does 'ss' mean by a signature?
I wonder if the letters are in fact pp which stand for Latin pro persona and mean for the person of or for and on behalf of. Secretaries and personal assistants often use this when signing letters on behalf of their boss.
Can a Bank Guarantee be issued at the request of sub-contractor on behalf of contractor?
Yes, a bank guarantee can be issued at the request of anyone. It is their decision whether they require a guarantee or not.
Who are the parties involved in bank guarantee?
Guarantor– The Bank who gives the guaranteeApplicant– The Company on whose behalf the guarantee is givenBeneficiary– The Company on whose favor guarantee is given
What does pp stand for when signing?
"Per Procurationem." It is a Latin phrase meaning that you are signing the letter on somebody else's behalf, normally if they are not there to sign it themselves.
If signing on behalf of others who is accountable for the contents of the letter?
the person whose signature is on the letter
What does per mean when signing a letter?
"Per" is short for "by" or "through" and is often used to indicate who is sending the letter on behalf of someone else or a company. It is commonly used in formal or business correspondence to clarify the sender's position or authority.
Should a partner be held liable for the criminal activities of a partner?
an individual can not be held liable for crimes committed by their partner, as long as there was no agreement to commit the crime, or participation in the crime on the individuals behalf
What do you write when you sign a letter on behalf of someone?
When signing a letter on behalf of someone, write the abbreviation p.p. in front of your signature. The absent persons name is then written on the next line down.
Signing someone elses signature to a check?
Yes, if you hold a valid power of attorney to act on their behalf. Otherwise no. Signing for someone you do not hold power of attorney for is fraud, and against the law.
