LLC, P&S Agreement, Boston, MA

[Chan K.]

Hi BPer,

During the P&S agreement, do you usually put down both your name and the LLC name on the P&S agreement as buyer? For example, "your_name, your_LLC" as being the buyer.

I have notices that for seller, he only puts down his LLC name on the "P&S Agreement".

FYI: I am the manager of the LLC, and will have all exclusive decision making.

FYI: I will write a check for the down payment out of my personal account at this point.

Would it be possible just to put my LLC in the P&S?

[Shaun Reilly]

If you are buying in the LLC then the LLC should be the "Buyer".

You should have a bank account for the LLC and that is where the checks should be coming from. Even if you don't have the funds in there at the moment then take your personal funds and put it in that account to cover the checks.

When you are signing the documents I would put under my signature "Chan K. Managing Member XYZ, LLC". I actually have a stamp since I do this enough. :)