if I was the fonder of a business. and I passed would the second person have the same rights that I had.

Question

if I was the fonder of a business. and I passed would the second person have the same rights that I had.

Answer

Your question is to vague are you a sole proprietorship, partnership corporation. Is there a partnership agreement, shareholder agreement. Much of this is spelled out in these agreements. In the first instance on your death the business ends in other the remaining partners have the business subject to any rights spelled out in partnership agreement, in corporation setting the remaining shareholders own the business subject to the shareholder agreement and those in postions of management.