For LLC partnership who has to sign a lease for the company space renting. Can it be only on LLC's name,use LLC Tax ID name?

Asked 9 months ago - Santa Ana, CA

for LLC partnership who has to sign lease for the company space renting. Can it be only on LLC and use LLC Tax ID name?

Additional information

Sorry Tax ID number.

Attorney answers (5)

  1. Michael Charles Doland

    Contributor Level 20

    10

    Lawyers agree

    Answered . Yes, the Manager (or Member if Member-managed) of the LLC can sign the lease. There is no "Tax ID name", perhaps you are thinking of a fictitious business name?

    The above is general legal and business analysis. It is not "legal advice" but analysis, and different lawyers may... more
  2. Dana Howard Shultz

    Contributor Level 20

    9

    Lawyers agree

    Answered . I agree with my colleagues:

    The lease may be in the LLC's name, though frequently a landlord will ask for the members to guarantee the LLC's obligations personally.

    This information does not constitute legal advice and does not establish an attorney-client relationship.
  3. John P Corrigan

    Contributor Level 19

    9

    Lawyers agree

    Answered . Yes, the tenant would be the LLC unless the landlord dictates that it wants a co-signer (an owner of the LLC) instead of a personal guarantee of the members.

    My answer is not intended to be giving legal advice and this topic can be a complex area where the advice of a... more
  4. Terrence Jay Moore

    Pro

    Contributor Level 9

    3

    Lawyers agree

    Answered . For your the protection of your own personal assets I recommend that you try not to sign a personal guaranty. If the landlord lets the Manager(s) of the LLC signed the lease this will not result in personal liability to you. If you signed in as managers make sure that your signature notates, "Manager".

    The above is not legal advice. It is an illustration of options that can be used in certain situations. I have not examined all of your facts, if I did I might provide a different response.

    The above is not legal advice. It is an illustration of options that can be used in certain situations. I have... more
  5. Ili J. Subhan

    Pro

    Contributor Level 14

    4

    Lawyers agree

    Answered . The lease can be in the LLC's name. The landlord may also ask for a personal guarantee.

    The information provided is intended for informational purposes only and should not substitute for the advice and... more

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