Follow
Share

I'd like to plan for the future of my corporation, but my incorporating documents don't plan for my incapacitation. What document can I use to make sure my spouse has the ability to keep my business open and then wind up the corporation?

This question has been closed for answers. Ask a New Question.
It's been years since I did anything along this line in a law firm but I have a vague recollection that the incorporation documents might have succession provisions. This is definitely an issue for a business attorney.

Is this a small business? LLC? Privately held? Publicly held? Is there a Board of Directors? If so, definitely start defining succession issues with a business attorney.
Helpful Answer (1)
Report

You should, I'd have thought, be able to include instructions in a springing/durable power of attorney. Best consult a lawyer and make sure it's done properly.
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.