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Derek Zoolander starts a modeling academy by just getting the relevant business licenses and doing business. He does not form any type of entity. Unfortunately,
Derek Zoolander starts a modeling academy by just getting the relevant business licenses and doing business. He does not form any type of entity. Unfortunately, Derek passes away in a freak gasoline fight accident. After his death, Derek's widow argues that she should inherit Derek's business. Is the widow correct? Question options: It depends on what Derek's will says Yes, typically the surviving spouse inherits the deceased spouse's assets No, because Derek did not form a separate entity, the business dies with him No, the business should go to whoever Derek was operating the company with
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