Sole Proprietorship Definition

noun
A business that is carried on by a single person and that is not a corporation or a trust. It differs from a corporation in that the business is not a separate entity, and its taxes are paid directly by the proprietor.
Webster's New World Law

(law) A business that is wholly owned by a single person, who has unlimited liability.

Wiktionary

Other Word Forms of Sole Proprietorship

Noun

Singular:
sole proprietorship
Plural:
sole-proprietorships

Sole Proprietorship Sentence Examples

  • The exact requirements for dissolution of a business vary from one state to another and may be different for corporations and LLCs than for partnerships and sole proprietorship.

  • In contrast, with a sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit.

  • A sole proprietorship or a partnership is not an incorporated business.

  • Knowing your score will help you negotiate the best rates especially if you plan to purchase an investment property as an individual or sole proprietorship.

  • In most cases, a home based candle making business is simply a sole proprietorship with no employees.

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Words Starting With

SSOSOL

Words Ending With

PIPHIP

Unscrambles

sole proprietorship

Words Starting With S and Ending With P

Starts With S & Ends With PStarts With SO & Ends With PStarts With S & Ends With IP

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Words Near Sole Proprietorship in the Dictionary