Sole Proprietorship The business entity terminates at the death of the proprietor or if the proprietor becomes unable to manage it. Partnership General partnerships and limited liability partnerships under the Revised Uniform Partnership Act…
Sole Proprietorship A sole proprietor transfers ownership of the business by transferring the assets of the business to the new owner. The prior proprietorship is terminated and a new proprietorship is established under the new…
Personal injury law, or sometimes referred to as tort law, covers cases where a person is hurt or injured, as a result of someone else's negligence. This is a form of civil law, which means…
Sole Proprietorship There are no federal or state regulations governing termination of the sole proprietorship itself. The sole proprietor simply winds up the affairs of the business and discontinues operations. If the business had employees,…
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