How Does A Sole Proprietor Retire? 
In Canada a `` Sole Proprietor '' often refers to a business owner who is not incorporated . If that is the case then there is no `` going concern '' business to sell only the assets of the business -LRB- Loss of good will . -RRB- If the business is incorporated , the shareholder can sell the company and benefit from the capital gains exemption . Whether or not a sole proprietor should incorporate is something that should be discussed with his or her professional advisors . Business owners face additional challenges when planning for retirement because often the business is not only their source of revenue it is their greatest asset . A Retirement Planning Checklist and additional information on retirement and business succession planning can be found at www.jpw.ca . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 