Signing Check (Single Member LLC)

Simple question to those with single member LLCs. If you are writing a check to pay a bill how do you sign it. Would you sign it with your LLC name like ABC LLC or just sign it with your personal name John Smith?

Sorry for the dumb question...I just started a single member LLC.

Thanks

 

You sign your name...

 

When you open a checking account, you be asked to provide a signature. Use that signature to sign on the checks. The bank basically just require the signature to match that in their records to clear it.

 

The check will have the company name on the bottom (or top) of it. The check itself is a draft instrument in the name of the company.

Now having signatory rights is a different matter entirely. You can specify anyone to have signatory rights over the bank account. Basically they are writing checks on BEHALF of the corporation. To achieve this when you open an account (int he company name) you indicate who has signing rights and that person must complete a signature specimen card which the bank keeps on file.

So your not really signing a check as the indivudal etc You are signing it as an authorised signatory/representative of the company.

Hope that clears it up for you.

cheers
p.s all reps appreciated

 

Thank you for the help.

 

It would work the same way for an LLC as a Corp. You are signing as an individual who has signing authority on that account.
The member/officers of an LLC or Corp. can put whoever they want on the bank account as signers even if they are not a member/officer of the corporation.