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The Number of Directors Must Be Three or More and Their Addresses Form

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The Number of Directors Must Be Three or More and Their Addresses Form

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[Music] in this video i'm going to answer the question what are the implications for a company when a director dies now the loss of a loved one is not only very distressing but it can also have a material impact on whether the business can continue trading or not for example if there's no succession plan in place then the worst case scenario is that the business will be liquidated and the assets forfeited to the government which i'm sure nobody wants to safeguard against this a little bit of planning and proactive decision making is required from you to be clear this video covers private companies specifically but please be aware that there are multitude of other formal business entities such as npcs trusts closed corporations as well as informal such as partnerships and sole proprietors each one of these business types will have specific legal procedures and requirements to manage the death of a director trustee member or partner but the broad principles remain

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The Number of Directors Must Be Three or More and Their Addresses Form

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What makes the the number of directors must be three or more and their addresses form legally valid?

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