Heirs' shares in family companies
Introduction
What happens to a deceased partner's shares, and how heirs take their place without stopping the company.
When a partner dies, their shares pass to the heirs, but how the heirs take their place depends on the company's form, its articles and any family charter. Without clear rules, a company can find itself with many new owners, no agreed management and decisions it cannot take.
We advise on the immediate steps after a death: confirming the heirs, keeping the company's management and bank mandates working, updating the commercial register and the shareholder records, and handling minors' shares through their guardians.
Over time, heirs may want to stay, sell or consolidate their holdings. We structure buyouts, valuations and family holding companies that let the business continue while each heir receives their due.
How we help
What the work covers
First steps
Keeping management, signatories and bank mandates working after a death.
Records
Updating the commercial register and shareholder records for the heirs.
Minors
Managing minors' shares through their guardians, under the court's oversight.
Buyouts
Valuations, buyouts and family holding companies for heirs' shares.
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