Company Power of Attorney

Company Power of Attorney

Ensure Business Continuity with a Company Power of Attorney
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At Wakefield Lawyers, we assist company owners and directors to prepare Company Power of Attorney documents that ensure their business can continue to operate smoothly, even if they become temporarily or permanently unable to act.
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A Company Power of Attorney is different from a personal Enduring Power of Attorney. It is a legal document that allows a company to appoint a trusted person to act on its behalf in business and legal matters if the director is incapacitated or otherwise unable to fulfil their duties.
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This appointment is especially important for companies that own and operate businesses. It allows the attorney to carry out essential functions, such as signing documents or managing business affairs, until a new director is formally appointed, or the existing director regains capacity.
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Importantly, a Company Power of Attorney does not become the director of the company. Instead, they are authorised to make decisions and take action on behalf of the company. If a director loses capacity or passes away, the attorney may propose themselves as a new director, but that appointment must be confirmed by the company’s shareholders, either your personal Enduring Power of Attorney or Executor, depending on your circumstances.
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Wakefield Lawyers can assist with:

• Drafting and executing a Company Power of Attorney tailored to your company’s structure and needs
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• Advising directors and shareholders on their roles and responsibilities
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• Coordinating with your accountant or financial adviser to ensure the document complements your broader succession or estate planning

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Plan ahead to avoid business disruption. Speak with our experienced legal team about preparing a Company Power of Attorney that gives you peace of mind and protects your business into the future.