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Mariel Owns a Toy Store,which Is a Sole Proprietorship

Question 30

Multiple Choice

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?


A) Mariel can sell the assets of the business to another party.
B) Mariel can give the business to her heirs in her will or trust.
C) Mariel can either sell the assets to another party or give it to her heirs.
D) Because it is a sole proprietorship, Mariel must close the business when she retires.

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