Business Lasting Power of Attorney

Business Lasting Power of Attorney

Have you thought about who will run your business if you can’t?

Appointing a Business Lasting Power of Attorney (LPA) is a vital part of any business if it’s to survive without its founder, director or key shareholders.

Many business owners don’t consider what would happen if they were in a position where they were incapable of running the business and making important decisions.

Problems that could arise, prohibiting the decision maker:

  • They may be seriously injured
  • They may be diagnosed with a long term illness
  • They may be diagnosed with a mental health issue
  • They may be out of the country for a business trip
  • They may suffer from bereavement

Any of the above events, could have serious implications for your business and its shareholders and employees. Without a decision maker, no one can act on the business’ behalf, meaning decisions aren’t made, the bank can freeze your accounts, trading can cease and on going property purchases are unable to complete.

Planning a Business Lasting Power of Attorney safeguards against any of the above problems affecting your business, should the worst happen.

How can we help?

Else Solicitors can now prepare Lasting Powers of Attorney (LPA) to protect the business interests of an individual. Whether you are a sole trader, partner, director or shareholder, you can appoint an attorney who can take care of your business affairs if you can’t.

The preparation of an LPA requires careful thought and planning. Our corporate and private client teams will work with you in drawing up these important and powerful documents.

Else Solicitors can help you to ensure you have the correct provisions in place to protect your business, should the worst happen. If you’d like to arrange a meeting, please contact our Head of Private Client Services, Kathryn Caple on 01283 526230.

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