Sole proprietorship: Crucial considerations when picking a successor

A significant lifestyle change such as relocation to a new country can affect a sole proprietorship.

Photo credit: FILE PHOTO | NMG

Sole proprietorships often face challenges when it comes to succession planning. There are many reasons why a sole proprietor would want to exit a business.

A significant lifestyle change such as relocation to a new country can affect a sole proprietorship.

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Note: The results are not exact but very close to the actual.