Under what circumstances can a sole proprietorship be dissolved?

Here are four circumstances under which a sole proprietorship may be dissolved:

• Death of the owner: The business legally ceases to exist upon the death of the sole proprietor.
• Bankruptcy of the owner: If the owner becomes bankrupt, the business is typically dissolved to settle debts.
• Decision by the owner: The owner can decide to close down the business at any time.
• Insanity or incapacitation of the owner: If the owner becomes mentally or physically unable to run the business, it may be dissolved.