Brooklyn, NY asked in Banking, Business Formation, Business Law and Identity Theft for New York

Q: What exact form do I need to have to give my power to someone to manage my business and bank account, signing checks etc

3 Lawyer Answers
Donovan A Rodriques
Donovan A Rodriques
Answered
  • Business Law Lawyer
  • New York, NY
  • Licensed in New York

A: Your options may depend on your type of business entity and shareholder/member agreements currently in place. In general, you will need a power of attorney. Preferably, you may appoint the individual as a manager of the business, with all powers necessary to conduct the operations and business affairs.

Barry Eran Janay agrees with this answer

1 user found this answer helpful

Barry Eran Janay
Barry Eran Janay
Answered
  • Business Law Lawyer
  • New York, NY
  • Licensed in New York

A: A power of attorney or legal representative agreement would work. You could also just modify the by-laws via a board meeting (corporations) or assign a manager with those rights in the operating agreement (LLC).

- Barry

1 user found this answer helpful

Ali Shahrestani, Esq.
Ali Shahrestani, Esq.
PREMIUM
Answered
  • Business Law Lawyer
  • Brooklyn, NY
  • Licensed in New York

A: You may need a power of attorney, unless they're a co-owner of the business. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney such as myself. You can read more about me, my credentials, awards, honors, testimonials, and media appearances/ publications on my law practice website, www.AEesq.com. I practice law in CA, NY, MA, and DC in the following areas of law: Business & Contracts, Criminal Defense, Divorce & Child Custody, and Education Law. This answer does not constitute legal advice; make any predictions, guarantees, or warranties; or create any Attorney-Client relationship.

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