What’s a Corporate Power of Attorney? People are used to thinking of powers of attorney in the personal context, such as for estate planning purposes or in medical situations. Companies also use powers of attorney, but for entirely different purposes. Companies use powers of attorney to manage signing authority. What is Signing Authority? It is important to manage who signs on behalf of a company in every context. Officers and manager will have general power to sign on behalf of a company pursuant to state law and/or the formation documents of a company. So it’s clear that your president…
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