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What is a Business Lasting Power of Attorney?

A Business Lasting Power of Attorney enables your business to continue if you are unable to make decisions. You can put someone, that you trust to run your business, in place to make decisions for you if you are unable to, perhaps because you are overseas and not contactable, due to an accident, short-term or even long-term illness. 

Why is it important?

A family member, spouse or partner may not always have the power to step in and carry out your duties if you are unable to and having this uncertainty makes planning near on impossible and exposes your business to unnecessary risks, such as the freezing/closure of business bank accounts and the lack of authority and inability to pay staff and suppliers, sign cheques, arrange insurance and enter into contracts. 

What’s involved?

We will do all the work for you. We just need an hour of your time to take a look at how your business is set up (Limited Company, Partnership or Sole Trader) explain everything to you, take down all your requirements, answer all your questions and then we’ll do all the work in the background. We then return to you with all the forms for signing, contact all your attorneys on your behalf and liaise with the Office of Public Guardian to make your Powers official.


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