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Business Lasting Powers of Attorney

It’s important to consider what would happen to your business if you were unable to make decisions

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As a business owner, it’s important to consider what would happen to your business if you were unable to make decisions for a variety of reasons, which might include: 

  • suffering an accident
  • developing a medical condition that incapacitated you
  • being away from the business, abroad or on holiday

In fact, if you are away from the workplace for a reason which causes operational problems, your absence might put adverse pressure on the future of the firm.

An existing Lasting Power of Attorney (LPA) for financial decisions can be used in relation to business decisions but it is important to consider:

  •   if this is appropriate, and
  •   if it is practicable

Making a Lasting Power of Attorney

You could consider making an LPA appointing certain attorneys to manage your personal assets, and different attorneys to manage your business assets. Fortunately, it is possible to make more than one LPA. You could consider making one for your personal affairs and a separate one for your business affairs. Often, people like to keep their business affairs separate from their personal affairs, so this option tends to appeal. 

Whatever your motivation or personal circumstances, if you want to protect your interests and those of your business, you should consider making a business LPA.  Our expert team of Wealth Protection lawyers can help you. Please get in touch with our team by telephoning 03333 058375 or email WealthProtection@psg-law.co.uk 

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Meet the Team

  • Gareth Williams

    Director, Court of Protection & Wealth Protection

    Gareth Williams

    t:07497 839796

    e: gareth.williams@psg-law.co.uk

  • Nina Sperring

    Partner, Wealth Protection

    Nina Sperring

    t:07301 218133

    e: nina.sperring@psg-law.co.uk

  • Gail Galloway

    Senior Associate, Wealth Protection

    Gail Galloway

    t:07399 781788

    e: gail.galloway@psg-law.co.uk

  • Lydia Palmer

    Legal Assistant, Wealth Protection

    Lydia Palmer

    t:07399 565976

    e: lydia.palmer@psg-law.co.uk

  • Marie Fletcher

    Legal Assistant, Wealth Protection

    Marie Fletcher

    t:07399 803662

    e: marie.fletcher@psg-law.co.uk

  • Alexandra Hales

    Paralegal, Court of Protection & Wealth Protection

    Alexandra Hales

    t:07957 958134

    e: alexandra.hales@psg-law.co.uk

What Our Clients Say About Us...

  • “

    “Gail has been very professional, polite and quick to respond throughout the transaction. Would happily recommend.” Mick Jennings

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  • “

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    “I have received a very caring and professional service from both Laura and Gail. All my concerns were answered in a considerate and prompt fashion. Thank you very much.” Justine Abrahams

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  • “

    “Gail is my solicitor and has helped me in every stage of my husband’s estate. Because I can no longer write she has simplified things for me and is very approachable whenever I ring, and doesn’t make me feel stupid when I ask stupid questions!” Margaret Borthwick

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    "Gareth Williams, can give advice to HNW individuals with complex planning needs and also acts as a professional deputy for individuals who have been awarded significant personal injury and medical negligence claims, technically very strong and has a great understanding of the needs of the client and how to provide the appropriate solutions and service." Legal 500

    7/7

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call03333 058375 mailinfo@psg-law.co.uk

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