Note: The DearEsq free 'ask a lawyer' site is offered as a free informational service to the public and is not intended as legal advice. Laws vary from state-to-state, and in addition every situation is unique, and relevant facts may not be known. The answer to the question posed below may not apply to in your state or to your situation. For legal advice in your state and your situation you should consult with an attorney in your state who is familiar with the rules and laws in your state.
“My daughter and I are buying a franchise and have formed a Limited Liability Corporation (LLC). Should we sign the franchise license agreement as our LLC name or just sign it as individuals?”
That will depend largely on the business laws in your state, however most contracts have a blank for the business (your LLC) name, with a signature line underneath saying “By: ______”, on which you sign your own name, and then another line underneath that saying “Title: ________” on which you write the title you carry for your LLC. If the contract with the franchise is not in that form, you can ask them to redo it, if that is appropriate for your state, and the business.
However, you should check with a business lawyer in your state. Most lawyers offer free consultations, so it should not cost you anything to get this simple question answered.
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