> > "Many"? I thought empirical study of the issue - not,
> > of course, that that matters in politics - has found
> > almost no instances of that sort of thing.
> Doug
> Not to put too fine of a swag on it, but think about your own business:
> will it survive your death? Mine sure won't, and mine isn't even a
> sole-proprietorship; for various reasons, we're a C corporation, the
> business type most likely to 'be a standalone entity' ... many of my
> friends have started small businesses in the last 20 years, almost none
> of them will survive their death.
Your corporation won't survive you because of issues concerning the estate tax or because no one wants to continue the business? Those are two very different things.
Most small businesses fail when the owner dies because no one wants to carry on. Look at funeral homes for a good example of small businesses that tend to continue because the heirs want it to.
John Thornton