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

[GIFTMICHAEL]

If the business is a partnership one it will continue when the other partner is determined to carry on. If its a sole proprietorship business, the children can carry on provided the business drives reasonable income.

 

[Ayokex]

Yes, it is possible to survive any business after the death if busines's owner but it depends upon major clients that are working in business from many years with honestly. Another way is that, if any family member has a proper knowledge of this business, he can continue work after death if busines's owner.

This is very much possible, in fact we can see the example of this almost everywhere but the what determines the during of a business survival after the owners death is the competence of the person who is taking over.

 

[joy101]

Depend on the person that will handle it when the owner of the business no more, if the person have the knowledge about business I think the business will survive.

 

[Spicywilfred]

The only way a business will not survive after owners death is when the owner did the start up and running alone. Every business has the tendency to survive after owners death especially when good hands are on deck.

 

[Eodine]

Of course it is very possible for a business to continue after the initial owners die, we all must have seen a business continue after owners death, it should only be properly planned.

 

[Alexandoy]

Most of the richest men in our country who are all businessmen had died some years back - Henry Sy and John Gokongwei to name a few. Even before they died their children were already in the position of managing their business. Now those children of theirs have their children in turn as part of the business. In short, a big business continues because it is a corporation and ownership is transferable.

 

[Senator]

It is one hundred percent certainly possible for a business to survive after the death of the owner. It is also possible that such businesses can fail after the death of the owner as well. Whoever inherits the management of such business will have to see to it that it does not fail

 

[Kunkun]

Ofcos it's possible most definitely, it's has been happening in the past and would still keep happening, I think it all depends on the structure being laid down before the death of the business owner, for any business to survive long term, there are structures to be followed and people to be employed that even when he is not there, the business can continue smoothly

 

[Elisha]

It is dependent on the system of continuity set before the demise of the entrepreneur. It is dependent on the next of kin of the business owner

 

[Richard92]

it is possible for a business to survive after owners date if the owner has a good manager and a responsible air to the business this year help the continuaty of the business.

 

[Maphalle]

This one depends on the owner's next of kin and those he's survived of whether they know how to run a business or not. I've seen other businesses surviving even after the owner's death because of honest and faithful management and employees.

 

[Kelly5]

It is very possible for a business to survive and even bloom more after the death of its worker only if it has a good and a business oriented next of kin to keep up the business running.

That's very true brother. If the next of kin has a very good head on their shoulders, the company may actually even blossom than the level the deceased left it.

 

[Keibah]

I don't see why a business can't survive even after the owners death. If all records are kept and the new manager follows the blueprint and even add some innovations, surely the business can survive.

 

[Setho]

As a business owner, you should try to have a will when you are alive it at least have a means that guarantees that the business is passed on to more capable hands.

 

[Jlife]

it is very much possible and it also depends on their arrangement the death was doing before he died because there are some people that have put everything in place and they have also put a group of trusted people to carry on from where they stop

 

[Kingsley]

This depends largely on the type of business concern, if it is a partnership the death of a partner who is also an active owner does not spell the end of the business even in a limited liability or public company it doesnt spell the end unless it is a sole proprietorship.

 

[chicnthin]

It's very possible. Usually the one who take over if it's a family business is the one next in line, like the son. But of course they have to be prepared and trained so they wouldn't hurt the company's performance.

 

[Senator]

A business can actually survive afte the owners death because the children of the owner before they die have at some point gotten into running certain affairs of the business and must have gotten a hand on things already

 

[Sotherefore]

It is very much possible for a business to survive after the death of the owner of the business if this is not possible then we also need to believe that Facebook and Amazon will cease to exist after the death of the owner,if they handover the business to a trusted family members everything will move on as normal.

 

[GIFTMICHAEL]

That's a trickery one, if the owner will the company or business to his or her biological family then i have clear view that the business will still go on, provided the family have that sense and drive to manage it.