Multiple Choice
Millie has a sole proprietorship which is her only source of income What legal action should she take to prevent the business from being ruined if she became incapacitated?
A) Give someone who is competent power of attorney to continue the business.
B) State in her will what she would like done with the company.
C) Find a partner and change the legal organization of the company
D) Tell her heirs to sell as she can't prevent ruin with a sole proprietorship
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Match the term with its definition.<br>-The right
Q8: Partners always share profits and losses equally.
Q67: One benefit of an S Corporation is
Q68: Any person capable of _ may legally
Q71: Linda has assembled a list of potential
Q73: As it relates to new businesses, one
Q74: The two dimensions of management control of
Q99: Match the term with its definition.<br>-Verification of
Q112: A limited partnership must have at least
Q123: A nonprofit corporation can be for civic,educational,charitable,or