Maeve sells New Energy, a sole proprietorship that makes and sells solar panels, to Omar. This is

Question

Quizplus · Accepted Answer

When Maeve sells her sole proprietorship, New Energy, to Omar, she is transferring ownership of the business to him. This is a common way for sole proprietors to exit their businesses, as they are the sole owner and have complete control over whether to sell or not. A franchise involves licensing the rights to use a particular brand and system, but this is not the case in this scenario. A partnership involves two or more people owning and operating a business together, which is not the case here either.

Maeve Sells New Energy, a Sole Proprietorship That Makes and Sells