04/09/2026
There are two legal types of LPA in England and Wales: Health and Welfare, and Property and Financial Affairs.
What is often called a Business LPA is generally a Property and Financial Affairs LPA that has been carefully drafted around someoneβs business interests.
That distinction matters.
A business owner may need to think about who should have authority over commercial matters, what decisions they may need to make, and how those arrangements fit alongside personal financial planning.
The right approach will depend on the business structure and the ownerβs individual circumstances.
Honey Legal can help business owners understand how LPA planning may fit into their wider arrangements and explain the process clearly.
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Had you assumed a Business LPA was a completely separate type of LPA?