If you were to become incapacitated through, for example, a stroke then your business may not be able to function; who would sign cheques, pay wages, deal with the bank, enter into contracts? In fact, how would your business continue to function if you could not participate?
A Business Lasting Power of Attorney could be the solution.
In making a decision now as to who would take over in the event of your incapacity, you are protecting your business interests and ensuring that your illness will not have an effect.
Your attorney can ensure that day to day matters are handled.
By making a Business Lasting Power of Attorney YOU can decide who takes over management, who deals with the bank, who can enter into contracts.
YOUR decision will ensure that the right person is put in charge.
Here at Rubin Lewis O’Brien we are experienced in preparing the relevant Powers of Attorney for both long-term and short-term issues, and with the appropriate safeguards to protect your business interests.
