Can my son sign on behalf of my corporation for everyday business operations (leases, banking, checks) ?
One of my sons is getting more involved in the everyday business operations of my construction, property management, real estate corporation and I would like him to be able to sign on behalf of the company. Is there an easy form that can be filled out to give him this power?
Appleton, Wisconsin
Business Operations Law
Is this objectionable?
Lawyer Answers
A corporation is a separate legal entity. As long as your son is an adult, the corporation can appoint him as an additional signatory on its bank accounts. Talk to your banker to obtain a signature card and document the authority granted to your son in the corporation's board minutes (or by written consent).
