If you run a business, a lasting power of attorney (LPA) helps make sure it can keep running smoothly if you are unable to make decisions. It gives someone you trust the legal authority to act on your behalf, protecting staff, clients, and your livelihood.
A business LPA allows your chosen attorney to make financial and operational decisions for your company. This could include paying staff and suppliers, accessing business bank accounts, signing contracts, and making day-to-day management choices.
If you hold shares or have ownership responsibilities, this type of LPA lets your attorney represent your interests, vote on decisions, or approve important company changes when you cannot.
A business lasting power of attorney is a legal document that gives someone you trust the authority to make business-related decisions if you are unable to. It ensures that your company can continue operating without disruption, even in unexpected situations.
Here are some common questions about making a business LPA:
Yes. Your personal LPA covers your personal matters, but a business LPA focuses on your company. It makes sure the right person can step in to keep things running.
It should be someone who understands your business and can be trusted to act in its best interests - often a co-director, business partner, or professional adviser.
If you lose capacity without a business LPA, your company could face delays or even have to stop trading while a court appoints someone to act for you.
Yes. You can appoint more than one attorney and decide whether they must act together or separately, depending on your needs.
Yes, as long as you still have capacity, you can update or cancel your business LPA at any time.
Protect your company and the people who rely on it. Contact us to set up your business LPA and make sure your business is in safe hands if you are unable to manage it.
We’re looking forward to helping you get your estate planning sorted.
Don’t worry if you’re not sure where to start. We’re here to guide you through the process.
The guidance and/or information contained within this website is subject to the regulatory regime of England and Wales and is therefore targeted at consumers based in the England and Wales only.
Customer service email address: admin@lamond-wills.co.uk.
Return policy: You have a right to cancel any agreement within 14 days by emailing the company using our customer service email address above.
© 2026 Lamond Wills Ltd Registered in England & Wales, No. 12618945.
Registered Office: Lamond Wills, Sparkhouse, Ropewalk, Lincoln, LN6 7DQ.
The guidance and/or information contained within this website is subject to the regulatory regime of England and Wales and is therefore targeted at consumers based in the England and Wales only.
Customer service email address: admin@lamond-wills.co.uk.
Return policy: You have a right to cancel any agreement within 14 days by emailing the company using our customer service email address above.
© 2024 Lamond Wills Ltd Registered in England & Wales, No. 12618945.
Registered Lamond Wills, Sparkhouse, Ropewalk, Lincoln, LN6 7DQ.
