Due to two pieces of recent unrelated legislation it is now apparent that there is a new serious issue that affects many businesses in England and Wales. All Limited Companies, partnerships, sole traders and some charities need to be aware of the the importance of having a Business LPA in place.
Provide guidance and information to attorneys on decision making.
Attorney(s) are appointed to act on your behalf.
Place checks on which decisions they can make and how and when they make them.
Attorneys will be legally accountable for the decisions that they take.
Attorneys will act on your instructions laid out in the document — always in your best interests and those of the business.
Prevent the appointment of someone you don’t know being involved in the running of the business.