Final answer:
The impact on a permit caused by the death of the owner or partner depends on the business structure and local laws, with different scenarios for sole proprietorships, partnerships, and corporations.
Step-by-step explanation:
When there is a death of the owner or partner in a business, the impact on a permit depends on several factors, including the type of permit, the structure of the business, and the local laws governing business operations.
Usually, permits are considered business assets and may be transferred upon the owner's or partner's death through a will, or according to succession plans laid out in a business agreement or local laws. In the case of sole proprietorships, the permit often lapses since the business is considered an extension of the owner.
Partnerships may have agreements that allow for the transfer of the deceased partner's interest in the permits to the remaining partners or their heirs. For corporations, because the entity is separate from its owners, the permits usually persist despite the death of an owner or partner.