Who Signs the Closing Documents for a Partnership LLC

[Xiaoyu Liang]

I am an active duty military currently stationed overseas. My partner is a savvy investor specializing in fix and flip deals in the Virginia market. We are partnering up on deals and plan to form a Partnership LLC to hold the titles for our deals. My question is, since I am overseas, I will have to go through a lot of hassle to sign and notarize the closing documents, and it will take a couple of days to ship the documents. Is there a way we can structure the LLC so that he can legally sign the closing documents for the LLC alone? Will that hinder our partnership in any way?

[Tom Gimer]

Prepare an LLC resolution signed by both members appointing one as authorized agent to sign on behalf of and bind the company. It can be limited to this particular transaction or applied broadly to any transaction. I would make sure this does not conflict with the management section of the operating agreement… if it does, amend the OA.