Inheritance of a share in business: problems, what to do first? Roman Cherlenyak, partner of the Law Firm “YUST”, and Sofya Arkhipova, lawyer of the firm, published an article in the magazine “Joint-Stock Company: Issues of Corporate Governance”

When the inheritance includes the testator's business, most often in the form of a share in the authorized capital of a limited liability company or stakes in a joint-stock company, many legal and practical issues usually arise. Inheritance of a share in business is a complex legal issue.

The article discusses the main aspects of inheritance of stakes and shares, including: who can inherit a business; how the company is managed at the stage of acceptance of inheritance; provides a number of legal mechanisms that company participants can use to settle issues in case of inheritance; briefly describes such legal structures as inheritance or personal fund.

Read more in the journal “Joint Stock Company: Corporate Governance Issues”.