When Signing a Franchise Contract, Do I Sign My Company’s Name or My Own Name?
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Summary
When signing a contract with your business name, most contracts have a blank for your business name, with a signature line underneath for your own name. |
“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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For more on this subject check out these categories: Business Law, Contract Law
Anne P. Mitchell, Esq. is a noted family law expert, Internet law expert, and Professor of Law at Lincoln Law School of San Jose. Contact This Author
State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.
