New Jersey Mortuary Science Practice Exam

What must be submitted if a firm will operate under an estate following the death of an owner?

1. A business plan showing future projections.

2. A notice of intent to dissolve the business.

3. A certified trade name certificate with the notification.

4. An employee evaluation report.

The correct answer is: A certified trade name certificate with the notification.

When a firm plans to operate under an estate following the death of an owner, it is necessary to submit a certified trade name certificate along with the proper notification. This requirement is in place to ensure that the business continues to operate under a recognized and legally accepted name, following the owner's passing. The certified trade name certificate is important for maintaining the legitimacy of the business operations and providing clarity regarding ownership and management under the estate. This step helps to protect creditors, clients, and the general public by ensuring that the business's identity is clearly defined and registered with the appropriate authorities, thus preventing any confusion that may arise from the change in ownership. The notification also serves to inform relevant parties about the transition of the business's management, acting as an official record for legal and administrative purposes.