Business owners or shareholders of companies shouldn’t assume that they’re immortal. There are only two things certain in life – death and taxes. Death is one of the natural business risks, which are best foreseen. It’s worth taking this risk into account in order to minimise its negative impact on business.
Do you know what happens to a sole proprietorship in the event of the owner’s death? Did you know that employment agreements expire, bank accounts are frozen, even licenses expire, but the costs continue to grow week by week? Do you know who will pay these increasing company debts? Have you ever asked yourself these questions?
Did you know that in accordance with the provisions of the Commercial Companies Code, a “spółka jawna” (registered partnership) is liquidated when one of its shareholders die?
Have you asked yourself the question about the fate of your company after you pass away? Is it to serve your spouse, or support the next generation?
Is the company to safely survive the death of one of the shareholders? Are the shareholders of the deceased shareholder to take his/her place in the company or would it be better for the shareholders not to enter the company?
These are just some of the questions that it would be good for you to ask. We will help you ask the right questions and select the safest solutions. We create the best business strategies to propel your business further into perpetuity.