Legal Question in Business Law in Washington

I am in the process of setting up an LLC in WA. It is simply a protective maneuver, I will not be actually operating a business with it. I want to name someone who can sign on my bank account but who not own any of the money or the company. I want them to be able to sign on my account but not have any claim to the money in case they have a personal judgment brought on them. Should I list them as a member? Or something else?


Asked on 5/31/10, 8:56 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will tell you, a member of an LLC is an owner. Why make someone an owner if you're only looking for a person to sign on the LLC's bank account? Simply authorize that person (through your bank) to sign of the account(s). That's the normal procedure when a corporation, for example, hires someone that has this responsibility. Consult with a business attorney in ;your area for specific advice.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

Read more
Answered on 6/01/10, 6:05 am


Related Questions & Answers

More Business Law questions and answers in Washington