If you run a business as a sole trader, in a partnership or as a company director you are an essential part of that business and your decisions are fundamental for the continuity of the business. Equally important, that may be yours and your family's prime income. It is therefore key that, if you cannot make decisions because you lack mental capacity, you have appointed an attorney to step in on your behalf so your business will be protected.
Clearly, choosing a business attorney is very different from choosing someone to run your private affairs. So by making a Business LPA you are taking a fundamental risk management step to safeguard your family and your business.