When a sole proprietor dies
A) the sole proprietor's heirs have the option of taking over the business.
B) the business is sold to a larger corporation.
C) the company continues to function as it always has.
D) the company always closes down.

Question

Quizplus · Accepted Answer

When a sole proprietor dies, their heirs have the option to take over the business. However, if they are unable or unwilling to take over, the business may be sold or liquidated. It is not automatically sold to a larger corporation, and it may not continue to function as it always has.

When a Sole Proprietor Dies