Two problems at once
An inherited company stake raises a succession question (who inherits the shares, and in what proportion) and a corporate question (who votes, who manages and who signs while the succession is open). Both need answers from the first weeks.
During the succession
- Co-heirs holding the same shares usually need to act through a single representative before the company.
- Shareholders' meetings, dividends and management decisions continue and must be handled.
- The company's bylaws may contain transfer restrictions or rules on the incorporation of heirs.
Transferring the shares
Once the heirs are declared, the shares or quotas are recorded in their names in the company's registers, and the corporate registry is updated where required.
Family businesses
When some heirs work in the business and others do not, conflicts are common: compensation, dividends, management control. We advise on governance arrangements, shareholder agreements and, if necessary, buy-outs among heirs.
Our partners combine succession practice with years of in-house corporate experience at multinational companies.
References: General Companies Law 19.550; company bylaws; CCCN succession provisions. To be verified before publication.