Power of attorney for business owners

You may think of special powers of attorney as something that could be relevant to your life outside of work. For example, if you became unable to manage the household finances or make decisions about your care arrangements. However, business owners are also urged to set up an arrangement known as a Financial Lasting Power of Attorney (LPA). That way, should you become unable to run your company due to accident or illness, then control of your company can be passed swiftly to the trusted person you have nominated as your attorney. If you don’t put an arrangement of this…

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