Greg Knowles owns a business, Clean and Paint. Clean and Paint has 47 employees, equipment worth $350,000, and signed contracts for work that total $450,000. Tragically, Greg has a massive heart attack and passes away. Greg leaves behind his wife and three children. Which of the following is correct?​ a. ​The business is dissolved and cannot continue. b. ​The equipment will be sold, the business liquidated, and proceeds distributed first to the employees. c. ​The employees now own the business. d. ​The business could be liquidated or continued by Greg’s heirs.