Specialist lawyers – we can draft a tailored General or Lasting Power of Attorney for your business 
Running a business involves many responsibilities — and sometimes unexpected events can leave you temporarily or permanently unable to make decisions. A Business Power of Attorney is a legal document that ensures someone you trust can step in to manage your business affairs if you are absent, ill, or otherwise unable to act.
Think you might need a Business Power of Attorney? Call our team on FREEPHONE 0800 1404544, or one of our four local office numbers for FREE initial phone advice – no strings attached
________________________________________
What is a Business Power of Attorney?
A Business Power of Attorney is a legal arrangement that allows you to appoint another person — known as your attorney — to make decisions and take actions on your behalf relating specifically to your business.
It can cover a wide range of activities, such as:
- Managing day-to-day operations
- Signing contracts or agreements
- Accessing business bank accounts
- Paying suppliers and staff
- Dealing with HMRC and other regulatory bodies
________________________________________
Why do I need a Business Power of Attorney?
Many business owners assume that a spouse, partner, or co-director can automatically take over if something happens to them. In reality, without a formal Power of Attorney, no one has the legal right to act for you or your business unless appointed by the court — a process that can be costly, slow, and disruptive.
A Business Power of Attorney ensures:
- Continuity – Your business can keep running smoothly if you are ill, abroad, or otherwise unavailable.
- Protection – Decisions can be made quickly to protect staff, customers, and suppliers.
- Reduced disruption – Avoids the delay and expense of applying for a deputyship order at the Court of Protection.
- Peace of mind – You know exactly who will take over and how they will act.
________________________________________
Who should I appoint?
Choosing the right person is vital. Your attorney should be:
- Trustworthy and reliable
- Familiar with your business operations
- Able to make clear, practical decisions under pressure
- Willing to act in your best interests and follow your instructions
Depending on your business structure, your attorney could be a co-director or business partner, trusted employee, or professional adviser.
________________________________________
How does it work in practice?
A Business Power of Attorney can be:
- General – allowing your attorney to act on all matters for a set time, e.g., during a long trip abroad.
Click here to find out more about making a General Power of Attorney - Specific – limiting their powers to certain areas, e.g., managing finances but not making strategic changes.
- Lasting – continuing even if you lose mental capacity, ensuring long-term protection. (An Enduring Power of Attorney is similar to the lasting power of attorney, which replaced it. It is no longer possible to create an EPA, but existing EPAs are still valid.
Click here to find out more about making a Lasting Power of Attorney
________________________________________
How Bonallack & Bishop can help you
Our solicitors can:
- Advise on whether a Business Power of Attorney is right for you
- Draft a document tailored to your business needs and structure
- Ensure it complies with all legal requirements
- Provide guidance on choosing and briefing your attorney
________________________________________
Call us today on FREEPHONE 0800 1404544 or contact us online to safeguard your business with a tailored Business Power of Attorney.
________________________________________