The world I live in is one which accepts both usual and unusual circumstances.
In the extreme case, consider a small company whose few owners and employees suddenly pass away (e.g. in a plane crash). The fact that the company suddenly has 0 employees and even 0 shareholders does not immediately terminate the company. It still continues to exist as a business and legal entity, until the government / lawyers either find new shareholders (typically heirs) who are willing to run the company, or appoint a director to initiate foreclosure.
In the extreme case, consider a small company whose few owners and employees suddenly pass away (e.g. in a plane crash). The fact that the company suddenly has 0 employees and even 0 shareholders does not immediately terminate the company. It still continues to exist as a business and legal entity, until the government / lawyers either find new shareholders (typically heirs) who are willing to run the company, or appoint a director to initiate foreclosure.