A company Power of Attorney is a document appointing an attorney to make decisions and enter transactions on behalf of the company. It is possible to limit the scope of the attorney’s decision-making power.
The Attorney’s power to make decisions may occur:
- with immediate effect;
- upon a certain trigger event (such as death or loss of capacity of a key person in the company);
- from a nominated date.
Prior to appointment, it is important to consider whether the attorney has sufficient skill and knowledge required to make decisions for the company.
Our team at The Small Business Lawyer can assist you with drafting and executing a company Power of Attorney.