A sole proprietorship ends with the death of the owner.

Sole Proprietorship

A sole proprietorship where the business and the owner are legally considered the same entity, operated by only one person.

Death

The end of life in biological organisms; not applicable in a financial or economic context unless metaphorically used.

Understand the distinct aspects, favorable points, and disadvantages of several business types (sole proprietorship, partnership, corporation).

Verified Answer

Final Answer :

True

Explanation :

Upon the death of the owner, a sole proprietorship does not continue as it is legally and financially tied to the individual owner.

Learning Objectives

Understand the distinct aspects, favorable points, and disadvantages of several business types (sole proprietorship, partnership, corporation).