Millie has a sole proprietorship that is her only source of income.What legal action should she take to prevent the business from being ruined if she becomes incapacitated?

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By giving someone power of attorney, Millie can ensure that her business continues to operate even if she becomes incapacitated. This person would have the legal authority to make decisions and manage the business on Millie's behalf, preventing it from being ruined in her absence. Creating a partnership or changing the legal organization of the company may be options for long-term succession planning, but they may not be practical or possible in the short term. Stating in her will what she would like done with the company would not be effective if Millie becomes incapacitated as a will only takes effect after someone's death. Telling her heirs to sell the business would also not prevent ruin in the event of incapacitation.

Millie Has a Sole Proprietorship That Is Her Only Source