What happens when a majority shareholder dies in a company?

In a company, when a shareholder dies the right to his interest in the shares will be passed to whoever inherits them un...

When the shareholder dies what would happen to the company?

A limited company by shares will continue after the death of a shareholder. The shares in the business will be passed to...

A sole-proprietorship business will cease when the proprietor either dies or otherwise ceases to carry on business. The ...

The dissolution of LPs is similar to that for Partnerships: A partnership will automatically be dissolved should any par...

A partnership will automatically be dissolved should any partner die or leave the firm. The partnership agreement may al...

Yes. The Director can resign from the Company with proper required notice and other applicable documentations.