My wife and I have a partnership for a small business (cash flow < $50k/year in either direction), registered in Oregon, USA. She died recently; I am her sole heir. Her will and the partnership agreement both pass the assets to me. With only one surviving partner, this can no longer be a partnership. How can I smoothly convert this to a sole proprietorship?
I contacted the Oregon Business Registry, but they claim this is a legal question, not administrative. All they could do is to point me to their FAQ and help pages, which do not cover the situation. From this, the best that I can find is to terminate the partnership and register independently as a sole proprietorship. I welcome any other suggestions.