Having a commercial lasting power of attorney (LPA) in place allows business owners to protect their business. If they didn’t have one their business is at risk. Business owners can appoint a suitable attorney to make business decisions when they are unavailable or lack capacity.
If there is no commercial LPA and the business owner lacks capacity the bank may freeze their account, contracts would go unfulfilled and the business community may think twice about engaging with them. Sole traders could find themselves put out of business.
This course will show you how to; draft a commercial LPA, confirm mental capacity within a business environment, who to appoint as an appropriate attorney and choose which commercial LPA clause might be suitable for the business.
This course covers;
- Why make a commercial LPA
- Reviewing business structures
- Confirming capacity to make a commercial LPA
- Choosing a commercial LPA attorney
- Personal & commercial LPA clashes
- Drafting a commercial LPA