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How death of an employer terminate a business.
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[QUOTE="Kendy, post: 215721, member: 63869"] The death of an employer can terminate a business and this is very common in my Country. In a case where a business owner has children who are also engaged with their jobs and pursuing the career of their interest, when the owner dies, the business dies as well or it would be sold out to any interested entrepreneur. This is the more reason some business owners always introduce their children most especially at the tender age into business and make them enjoy the flow of the business so they could continue with the business line when they are no more strong or capable to run the business. Sole proprietorship business too faces this ordeal whereby once the business owner dies, it clearly marks the end of the business and I think this is not equitable because it further dwindles and makes the economy harder which owes to the reality that those who worked as employees would have no other option than going back to the streets with no jobs. This goes out to all business owners, that they should try as much to always transfer business even to loyal workers or employees most especially in cases where their blood line is not interested in the business sustainability. [/QUOTE]
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How death of an employer terminate a business.
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