If I work as an office manager for a small company and the owner would like to add me as a signer to the checking account, what liabilites would I assume by doing this?

The company is set up as an LLC.

Asked on July 31, 2014 under Business Law, Florida

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

You should only be liable for checks drawn on the LLC account IF you either intentionally or deliberately misappropriated or helped another misappropriate (e.g. embezzled funds), or if you negligently (unreasonably carelessly) wrote checks without instructions to do so (e.g. another employee asks your $1,000 for expenses; you write him the check without confirming with your boss that you should do so and without seeing proof of the expenses, and it then turns out he was not entitled to the money). As long as you neither negligently nor intentionally do anything wrong, you should not face liability.


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