When someone dies, can their heirs sell the company? A lawyer explains that without the deceased's name on key documents, the right to sell may not exist. The business could be dissolved and accounts closed instead.
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.
