Business Lasting Power of Attorney

What is a Business Lasting Power of Attorney

Protecting Your Business If You Lose Capacity

A Business Lasting Power of Attorney (Business LPA) ensures that if you are ever unable to make decisions whether temporarily or permanently your business can continue to run smoothly. For many business owners, this is an essential but often overlooked part of succession and risk planning.

Our Private Wealth and Corporate specialists work together to help you put in place a legally robust Business LPA that preserves continuity, protects operations, and safeguards the value of your business.

Our Lasting Power of Attorney experts are ready to help. Call our solicitors for professional legal advice on 0330 107 0107 or request a call back.

Why A Lasting Power of Attorney for Business Owners Matters

If you were suddenly unable to act due to illness, accident or loss of mental capacity who would:

Authorise payments or manage bank accounts?
Sign contracts or payroll?
Deal with suppliers, regulators, or clients?
Make strategic or operational decisions?

Without a Business LPA, your colleagues or family may have no legal authority to act. This can lead to:

Frozen bank accounts
Breach of regulatory obligations
Inability to pay staff or suppliers
Loss of contracts or revenue
Risk of business collapse

A Business LPA ensures the right people can step in immediately keeping the business stable and compliant.

Our Expertise

Tailored Business LPA Advice

We advise on the type of business you operate sole trader, partnership, LLP, or company and prepare Business LPAs that reflect its structure, control mechanisms and regulatory environment.

Choosing the Right Attorneys

Selecting attorneys for business decisions differs from personal LPAs. We help you evaluate who has the experience, legal authority, and commercial judgment to act in the best interests of the business.

Ensuring Legal and Corporate Compliance

A Business LPA must work seamlessly with:

Partnership agreements
Shareholders’ agreements
Articles of association
Regulatory requirements
Internal governance and signing authorities

We review these documents to ensure your Business LPA is fully aligned and legally effective.

Reviewing & Updating Your Business LPA

As your business evolves, so should your planning. We advise on revising your Business LPA to reflect:

Structural changes
New directors or partners
Business expansion
Changes in risk exposure
Relocation or cross-border activities

Who We Advise

Company directors and shareholders
Business owners and entrepreneurs
Partners in professional practices
Family-owned businesses
Sole traders requiring continuity provisions
Corporate clients seeking governance resilience

A Joined-Up Legal Approach

Our private wealth and corporate teams work collaboratively to protect your personal and commercial interests, ensure clear decision making authority, minimise disruption in the event of crisis or incapacity and preserve business value for co owners, employees and family.

As a result, your Business LPA is a key component of your wider estate planning, succession strategy and overall risk management framework.

Why Put a Business LPA in Place Now?

A Business LPA is not only for long-term planning, it also protects you against unexpected events such as:

Sudden illness
Accident or hospitalisation
Mental incapacity
International travel preventing urgent decisions

By acting early, you retain control over who can step in, and you protect the financial stability and reputation of the business you have built.

How Our Lasting Power of Attorney for Business Owners Solicitors Can Help

Planning for the unexpected is essential for business owners and directors. A Business Lasting Power of Attorney (LPA) ensures that if you are unable to make decisions due to illness or incapacity, trusted individuals can continue to manage your business affairs without disruption.

Our solicitors take a clear and practical approach, guiding you through the process of putting a robust Business LPA in place that protects your company, employees and commercial interests.

Contact Our Business Lasting Power of Attorney Solicitors

If you would like to put a Business Lasting Power of Attorney in place, review an existing arrangement or ensure your business continuity plans are legally sound, please contact our private wealth team or request a call back using our online form.

We also advise business owners with international operations or assets held across multiple jurisdictions, ensuring that Business LPAs align with UK legal requirements while taking account of cross-border considerations.

Whether you are planning ahead, strengthening your business continuity arrangements or managing complex commercial interests, our solicitors are here to support you with clarity, confidence and care.

Contact our Lasting Powers of Attorney solicitors today on 0330 107 0107 or request a call back.