is it possible for a business to survive after owners death?

[ganibade]

A business that can't operate without its founder is a business with a deadline. Many businesses suffer after founder's death, and it is often caused by the founder being unable to let go of certain decisions and responsibilities as the business grows. Over dependency is something common in sole proprietorship.

is it possible for a business to survive after owners death?

Most of the business failed and discontinued when the owner of the business died,this can happen when the owner of the business has no good children that have the full knowledge about the business.

 

[Setho]

The world has pretty much advanced from all of this. You do not need to be bothered about this kind of business is because a lot of measures by the investors would have been taken to ensure that he does not die.

 

[Sotherefore]

A lot of business Will survive perfectly after the death of the original but this depends on so many things like who is taking over the business. People taking over it will determine the level of the business success.

 

[Shigobad20201]

Its possible for a business to survive after the death of the owner only if its been given to the person who can manage the business properly and not thinking about embezzling the business fund .

 

[Smiles20]

It is very possible that a business owner after the owner has died. A lot of the top businesses in the world today have been existing for many decades even after the owner died.

 

[Planbizzle]

A business that can't operate without its founder is a business with a deadline. Many businesses suffer after founder's death, and it is often caused by the founder being unable to let go of certain decisions and responsibilities as the business grows. Over dependency is something common in sole proprietorship.

is it possible for a business to survive after owners death?

The surviving beneficiary may be required to alter the ownership and administrative structure in accordance with the type of company structure in order to guarantee the future viability of the enterprise.

 

[Connor909]

Depending on the type of business and the planning that has been done, it is feasible for a firm to continue operating after the death of its owner. If the owner has a partner or shareholders, for instance, the company will still be able to run even if the owner passes away. If it is a sole proprietorship, the company could be able to survive if the owner has formed a succession plan and done thorough estate planning.

 

[Robert90]

The type of business will determine whether it can continue operating after the death of its owner. While corporations do not end with the death of the owner, sole proprietorships expire upon the owner's passing. In rare circumstances, general partnerships can continue after the passing of an owner, although this depends on the decision made by the surviving partners and any existing partnership agreement.

 

[Jonaville1]

A business that can't operate without its founder is a business with a deadline. Many businesses suffer after founder's death, and it is often caused by the founder being unable to let go of certain decisions and responsibilities as the business grows. Over dependency is something common in sole proprietorship.

is it possible for a business to survive after owners death?

A business is surely going to have a successor. The person will be the one to handle your business whenever you are not around. If the person knows how to manage your business, the business will continue to succeed

 

[Trey]

It depends if the owner of the business has built structures that would allow the business to be independent of him. That's why as a business owner, one of the things you should do is to build leaders.

 

[Shigobad20201]

Many business are doing fine after the owner's death because the business have a better management managing the business after the death of the owner but some business do collapse after the death of the owner,

 

[Good-Person]

A business is surely going to have a successor. The person will be the one to handle your business whenever you are not around. If the person knows how to manage your business, the business will continue to succeed

There are many people who take over the business when the owner dies. The problem is that certain businessmen may never have any offspring and this is where the problem may begin. "Who would inherit the business after the death of its owner?" This may be a hard question to answer from a legal point of view.

 

[Jonaville1]

There are many people who take over the business when the owner dies. The problem is that certain businessmen may never have any offspring and this is where the problem may begin. "Who would inherit the business after the death of its owner?" This may be a hard question to answer from a legal point of view.

This is why the owner of the business should make a will before his death. He should make sure that the person whom he wills his properties to knows how to run his business

 

[Mayorla]

Yes, It is possible for a business to survive after the death of its owner. This is largely dependent on how the owner operated the company. As a business owner, You should have someone that you trust that would understand how the business is been run.

 

[Trey]

Any business can comfortably operate in the owner's absence. It is the ability to set up structures and get people working the way you'd have worked that'd keep the business going. If you're able to transfer yourself into another person then yes, your business can survive very well in your absence.

 

[Ernestnari]

If the business has been structured to run as an independent entity, it would surely survive the death of it's owner. Have hierarchy set up in the business and delegate powers at each level to the different hiercahy. It would just be a question of each hierarchy exercising it's powers if the uneventful happens.

 

[Sotherefore]

Any business can comfortably operate in the owner's absence. It is the ability to set up structures and get people working the way you'd have worked that'd keep the business going. If you're able to transfer yourself into another person then yes, your business can survive very well in your absence.

Normally the business owner may not have to set up structure for the business to be successful after their dead. It is somehow the responsibility of the family member to take up the responsibility of the business exception of the fact that they are not particularly interested in such business which rarely happen.

 

[AruneBend]

Yes, it's possible if the owner has a son or daughter who is likely trained and can take over the business. It happens very often that the business is taken over by a family member, and if the person who takes over is skilled, the business can still be very profitable.

 

[Shigobad20201]

Sixty percent of the business I know dies with their owner because there's no competent people to take over the business, all they want is to sell off the business after taking over .

 

[Trey]

That is the reason why aspiring entrepreneurs have to start their businesses at a young age. Studies have revealed that any business that is not up to 15 years is less likely to survive the death of it's founder.