Business Type | Transactions up to $250k | Transactions over $250k |
Corporation & LLC | - General Manager - Executive Manager - Executive Director - Administrator (Hospital/Nursing) - Director of Purchasing/Procurement - Director of Operations - Director of Finance Director of IT - Managing Member IT Manager - Office Manager Business - Manager Property Manager - Finance Manager - Plant Manager Accounting Manager - HR Manager - Purchasing Manager
| - CEO, CFO, CIO, COO |
General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP) | - Controller | - General Partner |
Non-Profit Religious Organization | - Pastor/Officer | - Authorized Board Member |
Sole Proprietorship |
| - Owner / Proprietor |
Municipality | - Mayor | - Controller |
School Districts | - Assistant Superintendent – with board authorization | - Board Member |
Universities/Colleges |
| - Chancellor/Provost |
Note:
Other signers may be approved provided that acceptable evidence of authority is received (e.g., corporate resolution, board approval, letter of authorization, secretary’s certificate, etc.).
🔹 Key Points:
Authority depends on the size of the transaction:
Up to $250k: Mid-level roles like managers and directors can authorize.
Over $250k: Only senior executives (e.g., CEO, CFO) or designated board-level roles are allowed.
Authorization varies by business type:
Corporations & LLCs: More flexibility under $250k; C-suite and key officers needed above $250k.
Partnerships: Typically need a General Partner or Partner for large transactions.
Non-Profit Religious Orgs: Pastors and officers for smaller amounts; board or clergy leaders for larger ones.
Sole Proprietorships: Only the Owner/Proprietor can authorize.
Municipalities & School Districts: Elected or appointed officials depending on the amount.
Universities/Colleges: Only high-ranking roles (e.g., Chancellor, Provost) for any large transactions.
Flexibility: Other signers may be accepted if proper evidence of authority is provided (e.g., board resolutions, letters of authorization).