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Q&A: What happens if a business partner dies?
Tuesday July 27 2010
Q I recently set up a company with a friend. We were both made redundant and went into business quite quickly and I now have a few concerns. What would happen if either of us were to pass away? I don't want to fall out with his family, or vice versa, should something like this happen. A Congratulations on setting up your new business. Redundancy is a difficult situation and it sounds like you and your friend have taken a positive step forward. I understand your concerns, as this is certainly an issue that needs to be addressed very early on in the life of the business – by you and your friend.
