Millie Has a Sole Proprietorship Which Is Her Only Source

question 72

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

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Definitions:

Child Psychiatry

A branch of psychiatry that specializes in the diagnosis, treatment, and prevention of mental disorders in children and adolescents.

Leo Kanner

An Austrian-American psychiatrist known for his work in child psychiatry, particularly his landmark 1943 paper that first described autism.

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Attention-deficit/hyperactivity disorder, predominantly inattentive presentation, characterized by issues with maintaining attention and focus.

Coping Cat

A cognitive-behavioral therapy program designed to help children deal with anxiety.