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Can My Business Be sold

11 May 2023 · 1 min

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In a brief dialogue, Speaker A asks whether anyone can sell their company on their behalf if they die. Speaker B advises consulting an attorney, noting that the right to sell depends on ownership documentation, and suggests possible actions such as dissolving the company or closing accounts. B also points out that a high‑value, well‑run venture‑backed business could attract interest from investors, citing "Dotty's business" as an attractive model for growth from scratch.

If I passed away, I am curious, would anybody have the right to sell my company on my behalf?
That you would ask an attorney. I don't know that they'd have the right if their name is not on anything. They would most likely, I don't know, again, speak to an attorney. They could dissolve it. Just close your bank accounts and everything. But it's a hot— it's— you have a very functioning, high-value company. And I would think from my venture capital days, somebody might be licking their chops to have Dotty's business, if for nothing, as a model of how to do things from nothing to something to terrific.