Sole proprietorship cannot shift its owner according to the law, the business will die with the owner. One way to do this is change the category to a Limited Liability Partnership which allows limited members to hold the company’s share. In this case, the father must sell all the shares he owns to his sons, who are also the partners, before he dies, otherwise the company will still die with him. The other risks of running business as LLP are, professional skills demanded, recognition by State’s law, and binding partnership.