Sole director dies

[mike67]

Check what the company AoA say - the model articles include a provision around this, IIRC.

Having an additional officer of the company now makes the process smoother, but there are mechanisms for the transfer to happen on death. But start with your Articles.

Spot on with the model articles of assocation, which say at 17(2):

"In any case where, as a result of death, the company has no shareholders and no directors, the personal representatives of the last shareholder to have died have the right, by notice in writing, to appoint a person to be a director."

Even if your company has customised articles, this provision is likely to be retained.

If you appoint your wife as a Director, be aware that the quorum for Directors' Meetings is usually two, ie you will have to talk to her before taking decisions on things like dividends. Often the AoA for PSCs has a provision that if there is only a single director, the quorum is reduced to one. Hopefully not a big issue unless you hit problems down the track ...

[BrilloPad]

I have deliberately left mrs bp as non director due to the hassle it would cause her.

Let the accountants sort it out.