Contracts

With­out regard with their title, offi­cers of the cor­po­ra­tion should trans­act all busi­ness and exe­cute all con­tracts in the name of the com­pany.  The offi­cer should have his or her title next to or under their signature.

Why is this impor­tant? Because if the com­pany defaults on the under­ly­ing trans­ac­tion, the offi­cer may be held per­son­ally respon­si­ble for any loss if the other party can demon­strate that it rea­son­ably belived that the offi­cer was doing busi­ness on the offi­cers\’ behalf.