ilimitado en número y cantidad
| 20:01 May 21, 2018 |
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| Spanish to English translations [PRO] Law/Patents - Law (general) | |||||||
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| Summary of reference entries provided | |||
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| Business Lasting Power of Attorney |
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| Discussion entries: 6 | |
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Reference comments
58 mins peer agreement (net): +1 |
| Reference: Business Lasting Power of Attorney Reference information: Having a business Lasting Power of Attorney in place, the business owner may ensure someone they trust and who understands their particular business will be able to continue the day-to-day running of the business. Attorneys are able to deal with property owned or leased by the business, organise insurance, access bank statements and accounts, invest assets, deal with the tax affairs of the business, pay staff and suppliers and sign contracts. In many instances, it will not be appropriate for the same person to make both personal financial decisions and business decisions on behalf of the donor. Commercial legislation and practices, financial regulatory bodies, conflicts of interest, the partnership agreement or articles of association may prevent such an appointment. Where this is the case, it is important that a business owner considers making a separate business Lasting Power of Attorney. https://www.stephens-scown.co.uk/money/planning-for-later-li... Is a business LPA right for me? A business LPA will be appropriate in most circumstances, but it’s important to first consider the type of business you own. Sole trader If you are a sole trader, your business is not likely to have a separate legal entity from you. This means that appointing an attorney under a business LPA will be an effective way for you to make provision for the continuity of your business, in the event that you are incapacitated. Partnerships If you are a partner in a partnership that has several partners, check the terms of the partnership agreement. Some partnership agreements may already include provision for what would happen should one of the partners become incapacitated. If such a provision exists, it may already adequately provide for the continuity of the business, in which case, a business LPA wouldn’t be necessary. However, if you’re in doubt about the provision made in the partnership agreement, or you feel that an LPA may be required, you should seek advice on the wording of the LPA, to ensure that it doesn’t conflict with the provisions already made in the partnership agreement. Directors of companies: articles of association If you’re a director of a company, check the company’s articles of association. Very often, articles of association will provide for the termination of a director’s appointment in the event that the director loses capacity. This is often done to protect the company’s interests. If such a provision is not included in the articles of association, you may want to seek advice and consider including such a provision. If you are the sole director of a small private company, the articles of association are not likely to simply terminate the director’s appointment, or there would be no one else to continue running the company. In such circumstances, a business LPA would be appropriate. https://www.thegazette.co.uk/all-notices/content/101043 I think you're right about 'numero' meaning number of times the POA is used and that 'cantidad' refers to the amount of money, which is covered by a Business Lasting Power of Attorney. |
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