Recognition & Awards

Who Has Authority to Pledge LLC Assets as Collateral?

Business Minute | 07.23.26

Business deals are often built around company assets pledged as collateral to secure a loan or other obligation. In these transactions, the secured party must be confident that the individual pledging the company’s assets actually has legal authority to do so. When that authority is missing or unclear, both sides risk finding out too late that the pledge cannot be enforced, turning a seemingly safe deal into an expensive dispute.

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