Activity

  • akshayakirithy replied to the topic Family Businesses in the forum Business 101 7 years, 10 months ago

    As the name indicates, Sole proprietarship means the company has single owner. So the sons/children cannot cannot handle their dad company. Father has to sell the company. If the dad dies then his company cannot be transferred to his sons. Hence it is better that the sons start new business by doing partnership.