Why use a POA
Company formation involves name reservations, approvals and signatures. A POA lets your representative handle these steps while you stay focused on the business.
Who should sign
Each shareholder usually signs a POA, or all shareholders sign one document together. The POA must suit the authority where the company will be licensed.
What to include
Include the proposed company name, the activities and the specific steps your representative may take, such as signing formation documents and collecting the licence.