Suzanne Pogell wanted to learn to sail, but she could find no one to teach her because men were the ones who sailed, and women were their crew.She finally did convince someone to teach her to sail, and after mastering sailing, she started an all-woman sailing school called Womanship as a sole proprietorship.When she dies, the:
A)business dies with her
B)business continues with the employees running it
C)government takes over and sells the assets
D)business can be continued by any blood relative
E)business must shut down until after her will is probated

Question

Quizplus · Accepted Answer

ESole proprietorships are closely tied to their owners, so when the owner dies, the business does not automatically continue as it would with a corporation. Instead, the business effectively ends, and its assets become part of the owner's estate. This means the business must wait until after the will is probated for further actions regarding its continuation or dissolution, as per the wishes expressed in the will or according to the laws of intestacy if there is no will.

Suzanne Pogell Wanted to Learn to Sail, but She Could