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Although an authorized signer is allowed to do business in the same way as the owner of the bank account (the LLC), he/she doesn’t have the same legal responsibilities as account holders. In the US, there’re also specific rules for authorized signers on business accounts owned by limited liability companies (LLCs).

Signing/authorizing permits, passes or time-sheetsĮxecuting any specific undertakings and approvals Signing and delivering official documents and agreements with third parties and serving as a company’s agent The policy also includes a list of general responsibilities for authorized signers to follow when reviewing, approving and processing company contracts and official documentation.įor example, many organisations restrict signature authorization to directors or senior employees and set contract value limits applying at different seniority levels. The process of signature authorization usually forms part of a broader “Delegation of Authority Policy” that establishes an internal procedure for appointing approval and signing authority, and defining the level of scope of that authority. So, in today’s blog, we’ve put together an overview of some of the most common uses of the term.ĭesignated officers/employees within an organisation who are authorized to process and approve official documents and third-party agreements on behalf of the organisation are often referred to as “authorized signers”.

However, the term’s meaning and interpretation seem to vary significantly across different jurisdictions and industries. Simply put, an authorized signatory or signer is a person who’s been given the right to sign documents on behalf of the authorizing organisation.