Legal Question in Business Law in Tennessee
death of partner in a business
My husband was part owner of a business. He passed away this month and I now, I assume have the business. My name is on nothing pertaining to the company. Am I responsible for the companies debt?
Asked on 2/27/06, 1:37 am
1 Answer from Attorneys
Dr. Michael A. S. Guth
Tennessee Attorney at Law Assists Pro Se (without a lawyer) Parties
Re: death of partner in a business
It depends on whether the business was a sole proprietorship (unincorporated) or some form of corporate entity.
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Answered on 2/27/06, 5:27 am
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