Expert Lasting Power of Attorney solicitors
Helping protect you and your business
Blake Morgan’s Power of Attorney solicitors offer expert and comprehensive advice on the preparation and use of Lasting Powers of Attorney (LPAs) for business owners. Putting a business LPA in place means that your chosen attorneys can manage your company’s finances and sign key documents on your behalf if you are physically or mentally unable to do so yourself.
Our Power of Attorney solicitors will help protect your business in the event you were to lose mental capacity, become physically disabled, or if you planned to spend time abroad.
Covering issues such as who would manage the company bank accounts, approve invoices and contracts, and pay staff.
Main Areas Of Practice
Our expert Power of Attorney solicitors advise business owners on preparing and using LPAs for their personal and business affairs.
Property and Financial Affairs LPAs
This document allows you to appoint a trusted person or persons to make decisions about how your property and finances are managed when you lack physical and/or mental capacity. Our Power of Attorney lawyers will help you document decisions relating to the sale of property and the operation of your bank accounts.
A Property and Financial Affairs LPA generally covers all of your financial affairs, including business interests. However, often, individuals like to keep their personal affairs separate from their business affairs and, in these circumstances, it is possible for our Power of Attorney solicitors to complete more than one LPA.
When running a business, our Power of Attorney solicitors recommend that you make an LPA that focusses specifically on your business interests to ensure your attorneys have access to the company accounts and they have the powers in place to sign key documents if the need arises.
When making a business LPA, our Power of Attorney solicitors will ensure it does not conflict with provisions that may already be provided in, for example, a partnership agreement (for partnerships) or a company's articles of association (where you are a director of a company).
Blake Morgan’s Power of Attorney solicitors act for individuals and business owners wishing to make LPAs. We advise on the suitability of having separate personal and business LPAs with support from our corporate team colleagues where required.
Preparing an LPA for a retired director who was embarking on a three-year around-the-world sailing trip and wanted his son to be able to run his finances and make business decisions in his absence.
Drafting an LPA for a business owner who planned to continue working into his 80s but was concerned he may lose capacity and his company may experience issues should he not be able to make decisions.
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