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Can someone from your household manage your business?
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[QUOTE="Axis, post: 337461, member: 66672"] We all are familiar with the facts that a sole proprietorship business is a business managed and owned by one individual but that does not mean that such individual who manage and own is so proprietorship business should not think about his or her succession plan. What this means is that when he or she is no longer in the world that is dead, the business itself will need someone else to manage it and that can be someone from his or household or possibly a friend or colleague in which we or she trust. Personally I would like someone from my household to management because I would not like the fact that when I'm gone that my business will also be gone but instead I would want my legacy to continue to go on and that is why it is important that we teach others the business that we do so that they can spread the knowledge when you are gone. [/QUOTE]
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