Power of Attorney Form – Expert Counsel for Businesses in Chicago
Getting reliable, high quality legal help for businesses in Chicago can feel like an uphill battle3 min read
Getting reliable, high quality legal help for businesses in Chicago can feel like an uphill battle. That’s why staying informed on matters regarding business law is crucial if you want to make sure that your company complies with all the applicable regulations. One of the documents that business owners should be familiar with is a power of attorney form. In this article, we’ll discuss what exactly this document entails and how to go about accessing quality legal resources in the Chicago area.
What Is a Power of Attorney Form?
A power of attorney (POA) is a legal document that appoints an 'agent' or 'attorney-in-fact' – usually a spouse, family member, trusted friend, or professional – to act on behalf of another person, known as the 'principal'. The document is used to give the agent the authority to perform legal, financial, and medical decisions on behalf of the principal, as well as manage other affairs.
Types of Power of Attorney Forms
Power of attorney forms are most commonly divided into two categories:
1. General power of attorney: This type of POA gives the agent broad powers to manage the affairs of the principal. With a general POA form, you can authorize a trusted person to take care of anything from real estate deals, to collecting debts, to managing bank accounts.
2. Limited power of attorney: Also known as special power of attorney, a limited POA form allows the agent to act on behalf of the principal in more restricted and predetermined matters, such as a single real estate transaction or medical decisions in the event of incapacity.
Finding Expert Counsel for Power of Attorney Forms in Chicago
Given the importance of power of attorney documents, it is best to seek legal counsel when drawing one up, and when the counsel comes from an attorney who is familiar with local regulations in the Chicago area, the better.
UpCounsel is an online legal marketplace that makes it easier than ever for businesses in Chicago to access quality legal services. The network consists of experienced attorneys who have an average of 14 years of experience and meticulously-vetted credentials. Their profiles will also display client ratings and reviews of their recent work, making it easier to make an informed decision about which attorney to choose.
On the UpCounsel platform, Chicago-based businesses of all sizes can access attorneys-on-demand for anything from a one-time consult to an entire freelance legal department. Such businesses can benefit from knowing that all attorneys associated with UpCounsel have been pre-vetted and already have an established background in law, saving them time and hassle when trying to meet all their legal requirements.
Key Takeaways
Power of attorney documents are crucial for businesses of all sizes. Regardless of the type of POA form, it is important to seek legal advice on how to draw it up correctly.
UpCounsel is a great resource for Chicago-based businesses to access experienced attorneys who have an average of 14 years of experience, and are familiar with all the local regulations in the area. Having access to such resources could end up saving businesses time and money in the long run, as well as reducing their overall legal risk.
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