Free Power of Attorney Template
Power of Attorney
I. Introduction
This Power of Attorney is made on this May 15, 2050, by and between [Your Name], the owner of [Your Company Name], hereinafter referred to as the "Principal," and Allene Tillman, hereinafter referred to as the "Agent." This document grants the Agent the authority to handle all financial transactions on behalf of the Principal, as detailed herein.
II. Grant of Authority
The Principal hereby appoints the Agent to act as their true and lawful representative with full power and authority to perform any and all acts necessary to manage the financial transactions of [Your Company Name], including but not limited to:
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Opening, closing, and managing bank accounts
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Handling deposits and withdrawals
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Making payments to creditors and vendors
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Managing payroll and employee benefits
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Handling all tax-related matters and filings
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Entering into, modifying, or terminating financial agreements or contracts
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Endorsing checks and financial instruments
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Accessing and managing all financial records and accounts
III. Duration of Power
This Power of Attorney shall become effective immediately upon execution and shall remain in effect until it is revoked in writing by the Principal or upon the occurrence of the Principal's death or incapacitation.
IV. Revocation
The Principal may revoke this Power of Attorney at any time by providing written notice to the Agent. Such revocation shall not affect any actions taken by the Agent prior to the receipt of the notice.
V. Compensation
The Agent serves without compensation but is entitled to reimbursement for all reasonable expenses incurred in the course of performing their duties under this Power of Attorney.
VI. Severability
If any provision of this Power of Attorney is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
VII. Governing Law
This Power of Attorney shall be governed by, and construed in accordance with, the laws of the State of California.
VIII. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Power of Attorney as of the day and year first above written.
Principal: [Your Name]
May 15, 2050
Agent: Allene Tillman
May 15, 2050
