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Death of a Member

What happens to an account in the event of a member's death?

Ownership of Registered Businesses can be passed to another director that’s listed on Companies House. If there are no other directors, the funds will go to:

  • A newly appointed director of the company Or

  • A liquidator – if the company’s status is ‘In Liquidation’

If it’s a Sole Trader account, the funds will go to their Next of Kin.

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