Which types of business organizations are terminated upon death of the owners?
A) Sole proprietorships, partnerships, and corporations.
B) Sole proprietorships and partnerships, but not corporations.
C) Sole proprietorships and corporations, but not partnerships.
D) Corporations and partnerships, but not sole proprietorships.
E) Sole proprietorships, partnerships, and corporations continue to exist after the death of any owner.

Question

Quizplus · Accepted Answer

Sole proprietorships and partnerships are typically terminated upon the death of the owner(s) because these business structures are closely tied to their individual owners. Corporations, however, are separate legal entities and continue to exist beyond the lives of their shareholders.

Which Types of Business Organizations Are Terminated Upon Death of the Owners