Authorized Party Must Sign For Entity.
FACTS: Buyer, ABC Limited Liability Partnership (“LLP”), submitted an offer to the seller. The signature for the buyer appeared as “ABC, LLP.”
ISSUE: May the authorized person signing for the LLP sign the contract as “ABC, LLP?”
ANSWER: No, see discussion.
DISCUSSION:
In instances in which an LLP, LLC, Corporation, or other entity is the principal in a contract, the signature line should be signed by the individual who has authority to sign on behalf of the entity. When appropriate, proof of authority to sign should be submitted to the seller with the offer. Below is one example of how the authorized person may sign on behalf of the LLP.
_______________________(signature of authorized person here)
John E. Doe
Partner of ABC, LLP, an Arizona Limited Liability Partnership