With sole proprietorship, the owner has full responsibility as to how the company runs, and what is and is not allowed. The owner is allowed to make changes as they feel to help their business grow. However, of course, there is the impending future to think about. Unfortunately, when the owner of the company dies, the company dies with it. However, the owner does have the capability to pass down their equipment to their kids, or whomever they seem fit for the task. This does not mean that the company will be the same as it was when it was originally built. The two kids can take the equipment left behind and continue the business like the owner did, but essentially it becomes a different company. The sons can create a partnership to create this company, but that does not mean it is the same. In a sole proprietorship, the original owner will always be the holder of the company, and the future generations would have to create a new company.