What happens if my local partner passes away? - TASC Corporate Services
If your local partner is a natural person, then an heir will inherit the 51% share in your business. It is then up to that person if he or she wishes to continue in the same manner as nominee shareholder or if they wish to negotiate new terms or be more involved in the business. At ………. we offer a corporate nominee shareholder solution that can protect you in the event of the passing of a local partner.