A sole proprietorship dissolves upon the death of the owner.

Sole Proprietorship

A business structure where a single individual owns and operates the business, making them solely responsible for its debts and liabilities.

Dissolves

The act of officially ending the existence of an entity such as a corporation, partnership, or marriage.

Comprehend the significance of sole proprietorships in the business landscape and their comparison with other business forms.

Verified Answer

Jenyce AmaralMay 18, 2024

Final Answer :

True

Explanation :

In a sole proprietorship, the business and the owner are legally considered the same entity, so when the owner dies, the business effectively dissolves.

Learning Objectives

Comprehend the significance of sole proprietorships in the business landscape and their comparison with other business forms.

A sole proprietorship dissolves upon the death of the owner.

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Learning Objectives

Learning Objectives

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