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Business, 22.04.2020 03:48 nisha87

Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe becomes incapacitated, his business: ceases to exist unless sold or taken over by Joe's heirs. automatically converts into a public corporation with stock sold to interested investors. automatically continues under new management as a sole proprietorship. becomes the property of the most senior employee who wishes to continue operating the firm.

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