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Question
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 cant prevent ruin with a sole proprietorship.
Answer
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