Question
4.) Cecelia has a successful book store, which she and her husband have run for 30 years and is organized as a sole proprietorship. Cecelia
4.) Cecelia has a successful book store, which she and her husband have run for 30 years and is organized as a sole proprietorship. Cecelia and her husband are considering retirement but none of their children want to go into the book business. Which of the following would be the best course of action for Cecelia?
a. Stay in business until you can talk one of the kids into managing the shop.
b. Close the doors and dissolve the sole proprietorship.
c. Pick the child you like best and give the business to him/her.
d. Contact a broker and try to sell the business and its goodwill.
e. None of the above are good courses of action for Cecelia.
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