In a business contract for a night club, what is the difference if any between a person signing under as a individual and an officer?
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In a business contract for a night club, what is the difference if any between a person signing under as a individual and an officer?
Asked on November 12, 2012 under Business Law, New York
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
It depends on if the contract is between the night club and a business entity like a corporation or a limited liability company or just with an individual. Who has the right to sue and be sued is the issue. If you are not a corporation or limited liability company, you sign as an individual and that would make you individually liable. If you sign as an officer of a limited liability company, the entity is contracting party and under a limited liability company there is some protection for officer liability.
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