Powers of attorney for business
Our legal services for Powers of Attorney for business provide peace of mind for business owners, ensuring that their affairs are managed effectively in the event of incapacity or illness.
We offer expert advice and guidance on creating and registering Powers of Attorney, as well as ongoing support you may need.
If you become subject to a mental illness or cognitive impairment, then not only do you need someone to look out for your wellbeing, but it is also key to protect any businesses that you have worked so hard to grow. Appointing a Lasting Power of Attorney (LPA) specifically to look after your business assets and affairs is very important.
At Moore Barlow, our solicitors specialise in this area of law and will provide you with whatever advice you need.
What is a power of attorney for business?
Powers of attorney for business is a legal arrangement in which a company appoints someone to act on its behalf, either for a specific purpose or for general business dealings. This is typically used when a company’s directors or owners are unavailable.
Powers of attorney – checklist
Our Powers of attorney checklist makes appointing an attorney simple and stress-free, in a time that may be difficult for you and your loved ones.
What decisions can a business lasting power of attorney (LPA) make?
Those appointed as LPA for a business or organisation can make a number of decisions on the behalf of the incapacitated, with just some being:
- Dissolving partnerships
- Both entering and ending contracts
- Authorising business loans
The weight of decisions like these could affect the fate of a business, which is why it is so important to make sure whoever is appointed can be trusted, as well as look out for the best interests of the business at all times.
Can you use a business LPA prior to incapacity?
Yes, in order for the LPA in question to fully understand the business and make good well-informed decisions, it can be useful for them to take on their role whilst the individual is still of mental capacity. It also means that if they are not right for the position, then their LPA can be revoked.
Our team of mental incapacity solicitors
Do I need to appoint a business LPA?
Whilst it is not legally necessary for you to appoint a business LPA, it is wise as it means you can make sure your business is looked after by someone you trust. Choosing the attorney, yourself means that you can be sure they will make the decisions that are in the best interest of the business, and not themselves.
Why choose our solicitors to help with power of attorney for businesses?
Our solicitors are the ideal choice to help with power of attorney for businesses because of their extensive experience and expertise in this area. We understand the unique legal and financial challenges that businesses face and can provide tailored advice and guidance to ensure that your interests are protected. With a focus on delivering practical solutions and exceptional client service, our solicitors are committed to helping you achieve your goals.
How can our solicitors help with power of attorney for businesses?
Let our solicitors are well-versed in the complexities of power of attorney for businesses and can provide expert guidance to ensure that your company’s affairs are properly managed in the event of mental incapacity. We can assist with drafting and registering the appropriate documents, as well as advising on the powers and responsibilities of the appointed attorney. Trust us to protect your business interests and provide peace of mind for you and your stakeholders.
We have offices in London, Richmond, Southampton, Guildford, Lymington and Woking and offer specialist power of attorney legal services to clients nationwide. Contact Moore Barlow to find out how we can help you and your business.