Resources

Real estate owned by a company

In this discussion, the focus is on the process of selling properties owned by entities, such as limited liability companies, corporations, and partnerships. The challenge lies in determining who has the authority to sign for the entity, as it is considered a separate legal entity. For partnerships, a consent resolution from all partners is required. In limited liability companies, there is an operating agreement that determines the authority of the members. In corporations, shareholders appoint the board of directors who then appoint officers with the authority to sign on behalf of the company. In larger corporations or partnerships, the actual governing documents must be examined to determine signing authority.

get some sun in your inbox
Contact Us
1410 Plainfield Ave NE
Grand Rapids, MI 49505
(616) 458-9100
West Michigan's Best And Brightest Companies To Work For
Back To Top
Search