Mariel owns a toy store,which is a sole proprietorship.She wants to retire.What is the best way for Mariel to transfer the ownership of her business?

Question

Quizplus · Accepted Answer

A) Although a sole proprietor may sell the assets of her business to another party, the
proprietor's ownership interest in a sole proprietorship cannot pass to her heirs through a gift or an estate.
n) Although a sole proprietor may sell the assets of her business to another party, the proprietor's ownership interest in a sole proprietorship cannot pass to her heirs through a gift or an estate.
o) Although a sole proprietor may sell the assets of her business to another party, the proprietor's ownership interest in a sole proprietorship cannot pass to her heirs through a gift or an estate.
p) Although a sole proprietor may sell the assets of her business to another party, the proprietor's ownership interest in a sole proprietorship cannot pass to her heirs through a gift or an estate.

Mariel Owns a Toy Store,which Is a Sole Proprietorship