Commercial Powers of Attorney
Commercial Lasting Powers of Attorney
As a Business Owner or Company Director you will be well aware of the numerous decisions you are required to make each day to ensure the smooth running of your business. Have you ever wondered what would happen to your business if you became incapacitated and unable to make those decisions? People tend to think of a lack of capacity as a gradual process linked to old age; however this is not the case. You may not be able to make certain decisions if you are out of the country, have had a serious accident, or have become unwell mentally or physically, which incapacitates you.
All these circumstances could leave your business vulnerable and exposed to risk. To protect your interests and those that depend on your company, you should consider making a Commercial Lasting Powers of Attorney (LPA). This will ensure that an appointed person is able to make those important every day decision in your absence and continue the day to day running of your business. It is recommended that the appointed person should be someone who is knowledgeable of the business, often other directors or partners within the business would be appropriate, or if a sole trader, someone else with detailed knowledge of how things are run
Our specialist teams can help you with creating a Commercial LPA and give you complete peace of mind that your affairs are in order.
For further information please contact a member of our Commercial team.