Millie Has a Sole Proprietorship That Is Her Only Source

question 100

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.