LEGAL TALK: What happens to a business when the only director and shareholder passed away?

Episode 16 - Wednesday 14 September 2022:What happens to a business when the only director and shareholder passed away?We ask the following questions:-Can a company enter into agreements before the company has been formed?-How long does the company to be formed have to ratify or reject the agreement entered into by the representative or agent on behalf of the company to be formed?-What happens if the company rejects the pre-incorporation agreement or action?-Can a trust to be formed enter into an agreement?-Is there a solution in urgent cases?-What should directors and shareholders do to safeguard the future of the company in the event of the death of sole director and shareholder?We are joined by Nirvana Pillay of Hahn & Hahn Attorneys.Legal Talk is aired every Wednesday morning at 10:00 on eRadio and available as a podcast thereafter.eRadio listeners are invited to send any legal questions or topics they would like to hear on the air to: [email protected] Hahn & Hahn Attorneys is located at 218 Richard Street, Hatfield, PretoriaNirvana can be contacted via email: [email protected] or call 0124312480Website: https://hahnlaw.co.za/