Multiple Choice
Millie has a sole proprietorship that is her only source of income.What legal action should she take to prevent the business from being ruined if she becomes 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
Q6: A typical common stockholder of a corporation<br>A)
Q10: Match the term with its definition.<br>-A form
Q29: Upton was surprised to find his partner
Q67: Match the term with its definition.<br>-A powerful
Q93: Partners must contribute capital or assets to
Q96: To be eligible to be an S
Q102: Reciprocation is:<br>A)responding to competitor's marketing efforts.<br>B)a sense
Q103: Match the terms with their definitions.Some terms
Q104: A professional corporation shields owners from liability
Q115: Upon the death of the majority stockholder