When Dr. Hamilton, a local physical therapist, dies, her children sell her physical therapy practice to a young, new therapist who just moved to the area. What advantage will this new therapist gain by buying a business rather than starting a new one?

Question

Quizplus · Accepted Answer

When selling a sole proprietorship like a physical therapy practice, the challenge is that the business's major asset is its clients. Thus, the new owner must assure customers that the business will continue to meet their needs.

When Dr Hamilton, a Local Physical Therapist, Dies, Her Children Sell