Business Lasting Power of Attorney

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

Read our Wealth Protection FAQs

Meet the Team

Partner, Head of Wealth Protection
Laura Bywater
t:07939 121341

e: laura.bywater@psg-law.co.uk
Partner, Court of Protection & Wealth Protection
Gareth Williams
t:07497 839796

e: gareth.williams@psg-law.co.uk
Partner, Wealth Protection
Nina Sperring
t:07301 218133

e: nina.sperring@psg-law.co.uk
Senior Associate, Wealth Protection
Gail Galloway
t:07399 781788

e: gail.galloway@psg-law.co.uk
Legal Assistant, Wealth Protection
Lydia Palmer
t:07399 565976

e: lydia.palmer@psg-law.co.uk
Legal Assistant, Wealth Protection
Marie Fletcher
t:07399 803662

e: marie.fletcher@psg-law.co.uk
Paralegal. Wealth Protection
Suzanna Warburton
t:07946 579067

e: suzanna.warburton@psg-law.co.uk
Paralegal, Court of Protection & Wealth Protection
Alexandra Hales
t:07957 958134

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

What Our Clients Say About Us...

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