Why a Business LPA is important
Many business owners put personal LPAs in place but overlook their business interests. Without a Business LPA, your company bank accounts, contracts and day-to-day operations could be frozen or severely disrupted if you become unable to act.
A Business LPA allows you to appoint trusted individuals to manage your business affairs if you are unable to do so yourself. This can include:
- Accessing business bank accounts
- Paying staff and suppliers
- Managing contracts
- Making operational decisions
- Protecting the value of the business
A Business LPA is separate from your personal LPA for property and financial affairs. Keeping the two arrangements distinct can provide greater clarity and flexibility.
Putting the right structure in place can help safeguard employees, customers and the long-term future of your business.
How we can help
Advising on whether a Business LPA is appropriate
We will review your business structure and explain how a Business LPA could protect your interests.
Preparing your Business LPA
We draft tailored documentation to reflect the needs of your company and your chosen attorneys.
Coordinating with existing business documents
We consider shareholder agreements, partnership agreements and company articles to ensure consistency.
Registering the LPA
We manage the registration process with the Office of the Public Guardian.
Advising on attorney responsibilities
We explain the duties and legal obligations of those appointed to act on your behalf.
Reviewing and updating arrangements
We can review your LPA as your business grows or circumstances change.
