Hello
i have a individual firm. owner is my wife... now i want to extend my business. So can we make power of attorney to me. in future any liability will be raise only me responsible for all litigation not my wife... is it possible ?
please guide me
POA(Power of Attorney) can grant you authority to act on your wife's behalf, it does not necessarily shield her from personal liability in the event of business debts or litigation. The liability aspect is often determined by the business structure. If your wife's business is a sole proprietorship or a general partnership, her personal assets may be at risk.
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