Have you ever considered what may happen to your business or company if you are unable to make decisions due to physical or mental health issues or even death? How is the business or company to continue to operate? What are your employees or family members to do when the person they depend on is suddenly unable to provide?
At Caldwell Martin Cox we have developed a number of strategies that can be put in place to assist with these scenarios. These strategies can provide protection for your business or company from the times when there is no one to sign documents or cheques, pay bills, purchase stock, buy and sell property or make decisions for the day-to-day running of your business.
Through the use of a personal Power of Attorney, Corporate Power of Attorney, the Delegation of Director’s Powers or the appointment of alternate Directors there are many ways of ensuring the long term viability of your business or company.
Also, a review of your partnership agreement or company constitution is something that should be undertaken to make sure that it still properly reflects your current circumstances and needs.