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

[Setfragil]

It is possible for a business to survive after owner's death depending on the plan and arrangement that was put in place before the death of the owner of the business.

 

[Jlife]

It is possible for a business to survive after owner's death depending on the plan and arrangement that was put in place before the death of the owner of the business.

Yes planning is one of the things that will determine if a business is likely to succeed after the death of original owner, should the original owner hand over the business to the wife or the children before passing out ?

 

[Psalmseen]

It is possible for a business owner to die and the business will still continue to be in existence. If the business is a sole proprietor, there's a very high chance that it will end as soon as the owner dies

 

[Setfragil]

Yes planning is one of the things that will determine if a business is likely to succeed after the death of original owner, should the original owner hand over the business to the wife or the children before passing out ?

It is not in all cases that the wife or the children will wants to take charge of their husband or father's businesses and at times the person might be yet to get married or even have children before he died.

 

[Snazzy001]

Yes it is very possible for business to survive after the death of their owners if the business eventually lands in a capable hand

 

[Lordfalcao]

Well I think that it depends on the nature and type of business tgat is if it's like a sole proprietorship business it will likely crash but if a partnership business it tends to hold up

 

[Snazzy001]

Perhaps it is the owners that died not the business itself. So the business can always survive as far as it is being governed by people who know what they're doing exactly and are skilled in it

 

[Hena101]

Yeah in my opinion is possible, but only if he was able to show how he make or take the business to it's current level when he is alive but if he was not able to do that then the business will suffer, or if his family allow the people doing the business with him to continue it can Aldo survived.

 

[Jlife]

It is not in all cases that the wife or the children will wants to take charge of their husband or father's businesses and at times the person might be yet to get married or even have children before he died.

The topic was all about how a business can survive after the death of the original operator of the business, I think such planning is really necessary to hand over the business to a woman or children in case anything happen.

 

[Justin]

Amazon is a big company Do you think Amazon will cease to exist after Jeff Bezos dies. Businesses do not die after the death of the owners, a new owner will always take over

 

[Ralphjoe]

While it an obvious fact that we have all seen and witnessed businesses that didn't survive after the demise of the owner, it is still possible for a business to survive at the death of the owner if they are in capable hands to run it

There are businesses that didn't survive when their owners died and there are more businesses that have survived despite the death of their owners and most of these businesses that survived the death of their owners are incorporated businesses large businesses.

 

[Setfragil]

The topic was all about how a business can survive after the death of the original operator of the business, I think such planning is really necessary to hand over the business to a woman or children in case anything happen.

I have seen several case where the family of a business owner never interested in the business the deceased left behind. If there is no tangible plans for such situation, the business might collapsed after the death of the owner.

 

[kay169]

Yes of course but only when there is a good successor Apple inc is a good example after the death of Steve Jobs the company flourished and is one of the bests !

 

[Alexandoy]

Yeah in my opinion is possible, but only if he was able to show how he make or take the business to it's current level when he is alive but if he was not able to do that then the business will suffer, or if his family allow the people doing the business with him to continue it can Aldo survived.

Usually the old business owner has a protege among his children like what I see in the Chinese business owners here. They are the richest people in our country. The richest had bequeathed his bank and mall chain to his eldest daughter who is still managing now.

 

[Abigael]

A business that only relys on the owner faces so much risks at the death of that owner. So it is best when an owner of business starts delegating some business decisions and responsibilities to someone else. This is mostly a child so that the owner's legacy continue living in the family.

 

[Fizzy_boi]

Yeah it's definitely possible for it to survive of the owners carry along a lot of peoplewho are interested to run the businesses after him and having them follow all plans .

 

[eLdavis]

It is very possible for a business to survive after the owner's death. If the owner had a child that he was probably training well in the business, the child can easily take up the business after the owner passes on, even if the child does not know about the business, the owner did not run the business alone so some people could have worked closely with the owner who would have seen how the owner ran the business and all the things the person did to be successful and can teach the child so that the person can take up those tips and use it as well.

I have seen cases like before on various situations. There was one some years back. The man had a business and those working under him, after some health issues he died. His assistant was the one who took over the business running it until the late owners son came back to run the business

 

[ItsFait]

It’s very possible, As long as the new owner knows how to run things

 

[Shigobad2020]

It is very possible for a business to survive after owner's death if the business has good management with this the business can survive.

A good management is one of the ways in which a business can survive and even flourish after the owners death, but the company can collapse if there's no goo management that can help the business.

 

[Funky]

Most sole proprietorship business don't survive after the initial owners dies, it's one of the disadvantage of the sole proprietorship business, it take those who have instilled the principles into someone else to keep the company going.