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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?
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.
What else can I help you with?
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
Can a spouse legally sign documents on behalf of their partner?
Yes, a spouse can legally sign documents on behalf of their partner if they have been given specific authorization or power of attorney to do so.
Can you provide guidance on the process of signing on behalf of someone using a power of attorney?
When signing on behalf of someone using a power of attorney, make sure to clearly indicate that you are signing on their behalf. Start by writing the person's name, then your own name, followed by "by Your Name under Power of Attorney." This helps show that you are acting on their behalf and have the legal authority to sign. Be sure to follow any specific instructions outlined in the power of attorney document.
What symbol is used when signed a letter on behalf of someone else?
When signing a letter on behalf of someone else, the symbol used is usually a forward slash or a caret (^) placed before the signature of the person doing the signing. This indicates that the person is signing on behalf of another individual. For example, it might look like this: "John Doe / Jane Smith," where Jane Smith is the person authorizing the signature.
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 capacity of person signing mean?
The capacity of a person signing refers to their legal authority or ability to sign a document on behalf of themselves or someone else. It ensures that the signature is valid and that the signatory has the authority to act on behalf of the entity they are representing.
