do clients have to pay for services rendered if the company owner dies
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
do clients have to pay for services rendered if the company owner dies
My son ran his own IT business and he passed away. He has clients that have not paid for his services he rendered can we collect it from them
Asked on January 5, 2017 under Business Law, Missouri
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
First, please accept our sympathy for your loss.
If the company was an LLC or or corporation, the LLC or corporation continues after his death and the company can collect on the money. Whomever now has authority to act on behalf of the company (which may be your son's estate's executor or administrator, if he had no succession plan or second in command) can take legal action if necessary.
If your son's business was a sole proprietorship, so the debts were owed to him personally, they become debts owed to his estate and his estate (again, by the executor or administrator) can take steps to collect.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.