How long can a corporation exist?
The corporation’s Articles of Incorporation can provide for perpetual existence. If this is the case, the corporation continues to exist even if the stockholders, directors, or officers and employees die, quit, or withdraw. If a stockholder dies, the corporation is not divided among stockholder’s heirs. The shares of stock are transferred to the deceased stockholder’s heirs and the corporation continues in existence as if the original stockholder were still alive. If the corporation or the stockholders wish to end the corporation’s life, the corporation may be dissolved by agreement of the stockholders.
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