It's possible for a business to survive after the owner death , because most business usually have strong management system that would continue to run the business properly
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That is correct. Business can survive even after the death of the founder or the original owner.Yes it is very possible for business to survive and flourish even more after owners death.
If the company is a big one with a lot of shareholders there is a high probability it would survive after the CEO death. There are some owners that would have willed there property to there children before death, so the business won't perish.
Most parents who didn't expose their children's to his or her business might likely to have a higher chance of business failure after death because the children may not be able to carry out from where they stopped.Though business that suffer after the owner death is the ones that are solely managed and financed by one person. The best thing to do is to mske such a business a private livability company if the owner of getting to old age.
A small business may not survive when the owner dies. But for a corporation with an organized setup no one in the company is indispensable. There is always a successor for whatever high position that becomes vacant.Businesses can definitely and should definitely survive after the owners death. I see it as a part of mismanagement if the owner can't put measures in place that will ensure continuity even when he's not there
It's very possible for a business to survive after owners deaths just because the owner must have layed a good foundation for the development of that business and that is just the real deal