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