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

[jay]

Yes. It is so very possible for business to survive after the owners death but this is only achieved when the owner has transferred the secrets of the business to their next of kin in line with credit and debt list.

 

[Richard92]

Yes it is possible if the owner of the business has good predecessor to take over after his death. But most times the business crash because the producers or may not have resume vision gold and idea which you will not be business has.

 

[Nurudeen]

If the owner of the business have children who have orientation on business and Investment and majorly if the owner of the business taught the children ways on how to manage the particular Business then I believe it can survive

 

[Nicklas22]

It's going to be very hard for a business to still survive when the owner who runs the business day to day dies
I believe the business will survive if the owner has somebody who follows him in running the business closely and I believe that person can Run things in the absence of the owner, that's how the business will survive

 

[Maks25]

it depends on the nature of incorporation.
if its a sole proprietor where there is only one owner, then the legal representative of the deceased owner can apply. it will be tough as it is believed that sole proprietor does not continue after the death of the owner
if it is limited liability the other shareholders can continue the business.

 

[Mawome]

Well I have seen some businesses that didn't survive after the owners death, it's not always easy take over the business when the owner of the business is no longer there, it's not everyone that can withstand the shock, some will begin to reason and say what's the essence of life, what are we still living for,

 

[Anas Chaudhary]

Options after death
If the sole proprietor authorizes his personal representative to look after the business after his death, the proceedings may continue. In addition, the heirs of the sole proprietor may choose to continue the business, either as a new sole proprietorship or in the form of another business.

 

[Hamza1]

That depends on the situation and the person who is taking care or going to run that business after the death of the owner. if the person is responsibe, compitent, loyal and have khowledge of the business than the business will definiatly survive.

 

[Esther]

It is very possible but very risky. If the late person had trusted family members and friends that aren't greedy then that business will continue to bloom but if the person was surrounded by liars and cheats then there is no way that business will bloom cause even if one person decides to make it work there will be hatred.

 

[LaylaG]

Yes it is actually possible for a business to survive after the death of the real owner of the business full stop the owner of the business can give out the business to a trusted family members and they can run the business very well and the company still moves on

 

[Igbokwe chidera]

Yes, i believe so depending on what the business we are talking about. Just like some business which are mainly controlled by the manager, the owner just comes to see whats going on and leaves. So even if such person dies, the business will still move on.

 

[Setho]

Right now it is increasingly difficult for big companies to die off after the owner dies because of the law and how disputes doesn't normally arise like before. Many people even make arrangements for their businesses before they die so it is very possible for a business to stand after its owner dies.

 

[Milz]

That is why it's advisable for the owner of a business to have someone he grooms in case of misfortunes like that happens. Most businessmen are known to groom their children showing them details about the business in case any misfortune happens.

 

[Godleads1]

It is very possible for a business to survive after the death of it's owner. But it is based on only one condition. If the offsprings of the owner has interest or flair for the business.

 

[Kamon c4]

Any business will survive with or without the business owner provided there’s good management in place. In case of a sudden death of the owner, the management or board of directors can effectively run a business until there’s a takeover without cutting off the business life.

 

[KENDRA2020]

yes it is possible for a business to survive after the audit of its owner if he is going to have placed the right people in the right position it will surely last because I see no reason why a business should I make here after the death of the owner there Auto Factors in place lot of things running up and down so why would the business die making the owner has died so let's just see where you just depend on the onision

 

[Annabel]

Yes it is very very possible for a business to continue after the owner is gone. It depends on the way the structure of the organisation was created and only if it is followed to the latter. It also is very important that the tenets of the organisation be obeyed.

 

[Bookwormlux1]

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?

Yes, if the business owner trained his children or relatives on how to go about the business. With a situation like this, such a business would definitely stay long Even after the owner's death. It's when you didn't teach anyone that the business would die.

 

[adazeez1995]

Yea, it is sometimes possible. Most times not. There are alot of big and flourishing businesses striving today whose owners have since passed on. But before their demise, thing d have already been set in motion. Their children and wards have been groomed to take over. So, irrespective of the founder's death, a business can still move on based on a solid foundation

 

[Segat]

Yes, it is but the survival rate is less compare to the ones that doesn't survive after the death of the owner. It takes the owner to be able to mentor one his children or expose his wife or any trusted person to the business while he is alive.