An essential business continuity plan should be considered as important as business insurance and writing a will.
Gone are the days when in your absence your partner or senior staff can sign, act and authorise all things commercial on your behalf. With the banks becoming increasingly formal and inflexible, it is now necessary to put someone in place to act on your behalf should something unexpected occur
A Commercial Lasting Power of Attorney is an instrument designed to facilitate the smooth running of your business should you be injured, incapacitated or otherwise absent.
One can stipulate such things who is appointed to pay overheads, wages, overdrafts and sign contracts. Otherwise the bank or other creditors can foreclose in as little as 28 days. A Commercial LPA also allows you to appoint someone to run your business and make important decisions to ensure your livelihood remains in existence.
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We have locations around England including Farnham, London, St Albans, Bristol, Nottingham, Manchester and the Isle of Wight. We are here to help.