Check signing authority

[voigtk]

i am the vp of service for a small llc in new jersey which is soon to change to an llp. i am one of three people who have check signing authority. the other two check signers are owners. i am not an owner. i mostly sign cod checks for vender payments when the other two signers are not available. if the company has financial problems or legal problems, am i at risk because i am an authorized check signer? Thank you

 

[loku]

Bank signature

You could incur some liability if you are negligent in the way you use your signature, for example, you could possibly have some liability to your employers if you negligently sign a check for an item that was not received. However, that is no more than the risk anyone takes in doing any job. You would probably not become liable to outside vendors or creditors merely because you have a signature, particularly if they know you are acting as an agent or employee of the company and not on your own.