219k views
4 votes
Broker A is a sole proprietor. He quits business and goes to work under Broker B. Whose responsibility is it to keep Broker A’s previous records?

1 Answer

7 votes

Answer:

Broker A is responsible for safekeeping previous records up to 4 years in the past.

Step-by-step explanation:

Even if broker A decided that it was best for him to start working for broker B, he/she is still responsible for safekeeping all the previous records (up to 4 years) when he worked by himself/herself. The same applies if broker B had acquired broker A's business (a sole proprietorship is a type of business).

User Neida
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories