Legal Question in Business Law in New Jersey

The President of our company a NJ S corporation died suddenly. He was the only authorized check signer. His spouse, not an official of the company, wants to continue the company yet has a question how to become the check signer.


Asked on 5/04/10, 8:14 am

3 Answers from Attorneys
Jef Henninger, Esq Law Offices of Jef Henninger, Esq.

Sounds like she should meet with a good business law attorney to review everything and make sure everything is set up the right way. I'd be happy to refer you to one, call me at 732/773/2768 to discuss.

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Answered on 5/09/10, 9:38 am
Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

Was there a Board of Directors? They would have the authority to appoint a new president and check-signer. If not, did the company President have a WIll? If so, the Executor should be appointed and would have the authority to exercise the corporate powers. If not, the widow should apply to become the Administratrix, appoint herself as the Board of Directors, and give herself check signing authority.

The Widow should immediately get the help of a good tax and business attorney to help solve the issues of the company and the estate.

I hope this helps!

Ron Cappuccio

856 665-2121

www.TaxEsq.com

www.SaveYourEstate.com

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Answered on 5/09/10, 3:42 pm
Robert Davies The Davies Law Firm, P.A.

You need a good lawyer to get through this transition. Have her call me, the call will be free. 201-820-3460.

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Answered on 5/10/10, 7:48 am


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