LEGAL TALK: What happens to a business when the only director and shareholder passed away?
Episode 16 - Wednesday 14 September 2022:
What happens to a business when the only director and shareholder passed away?
We ask the following questions:
-Can a company enter into agreements before the company has been formed?
-How long does the company to be formed have to ratify or reject the agreement entered into by the representative or agent on behalf of the company to be formed?
-What happens if the company rejects the pre-incorporation agreement or action?
-Can a trust to be formed enter into an agreement?
-Is there a solution in urgent cases?
-What should directors and shareholders do…
The skinny
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