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:

Smell

A sense through which odors are perceived, involving the detection of chemical compounds by the olfactory system.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Dendrites

Branch-like structures of neurons that receive signals from other neurons for processing in the brain.

Ganglion Cells

Neural cells in the retina that collect visual data from photoreceptors and convey it to the brain.