Q: What can I do to run a business whose owner has been arrested?
My friend is a business owner and recently was arrested and is now facing a couple of years in jail. There is no official partner in the business but I know the ins and outs of the company and have been very involved since day one. Is there anyway I could go about running the company until he comes home? He's worked really hard and I don't want to see it fail but I don't know what legal steps if any I can take to manage the company.
A: I would attempt to arrange to have him sign a power of attorney to allow you to act on his behalf for as long as he is in jail. If that is not a possibility, you may need to petition the court to be appointed as his guardian while he is in jail. Option a is the best option. Speak to an attorney to help you through this process.
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