Legal Question in Business Law in California
If my LLC incurs a debt for services rendered, should a promissory note to repay be solely in the name of the said LLC, me individually or both?
Asked on 5/07/10, 9:43 pm
1 Answer from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
It should be in the name of the LLC, and signed by someone authorized to enter into such a transaction on behalf of the LLC, with an annotation on the promissory note that the signer is signing on behalf of the LLC.
Answered on 5/14/10, 2:20 pm
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