Practical Business Preparedness Guidance for Canadian Business Owners and Families

Explore practical articles about business preparedness, business continuity planning, incapacity, estate administration, succession and transition planning, business organization, emergency communication, Powers of Attorney, wills for business owners, and the operational steps families may face when a business owner becomes ill or dies.

The Your Business Executor Knowledge Centre is designed to make complex information easier to understand. Articles provide Canadian-focused guidance, with Ontario-specific information where appropriate, along with clear explanations of when legal, accounting, tax, insurance, financial or healthcare advice may be required.

Whether you are preparing your own business, helping a family member, acting as an estate trustee or attorney under a Power of Attorney, or trying to understand what happens next, these resources will help you find practical information and take the next informed step.

What Happens to a Sole Proprietorship When the Owner Dies?

If you own a sole proprietorship in Ontario or anywhere else in Canada, you may have wondered what would happen to your business if you suddenly passed away.

More importantly, would your family know what to do?

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