Legal Q & A

For Karen’s “Q & A” this week, a business owner wants to know how to sign loan documents for his corporation so it is clear he is not taking on personal liability for his business loan? ANSWER: Whenever a person signs on behalf of the company, they should add their title next to their signature so that it will be clear that they are acting as an agent of the company rather than in their individual capacity. This should be done even though a business owner might also be required to endorse or guarantee the same personally.