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  • ap499 replied to the topic Family Businesses in the forum Business 101 6 years, 11 months ago

    Like many of you said in here, the sole proprietorship has only one owner and it cannot be passed down to anyone even if it is a family member. However, there is always an option of buying the company father’s owned and then turning it into a partnership or initiating a new business and then share the assets using the same resources.