Legal Question in Business Law in Wisconsin
My first time signing a contract as a "Contractor". The contract is between me and another company. In the signature area it asks for 'By' and "Its" What do these terms mean?
2 Answers from Attorneys
If you had set up a corporation you were doing your work through, the "by" would be followed by your name, printed, and the "its" would be your officer capacity, such as "President." If you were an LLC, the "its" would be "Member". If you were in a partnership, it would be "Partner." Usually people doing business set up some sort of limited liability company to protect their personal assets from certain types of losses. That's why they incorporate or set up an LLC.
As a Franchise Attorney I can offer additional advice. In the signature area, the "By" line is what is signed. The "It's" line is printed with the appropriate office title of the person signing, like President, Owner, etc. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Related Questions & Answers
-
Financial assistance case between Belmont finance v Williams Asked 4/05/11, 1:52 am in United States Wisconsin Business Law
-
I'm a computer programmer/consultant, I'm set up as an LLC in WI. I subcontracted... Asked 3/25/11, 11:01 am in United States Wisconsin Business Law
-
If I work for a bakery for several years, am I able to later own my own bakery? Asked 3/23/11, 5:54 pm in United States Wisconsin Business Law