Definition:A sole proprietorship, often called a sole prop, is a form of business that is owned by a single person and not incorporated. No legal paperwork needs to be filed and no legal requirements need to be met in order to start a sole prop. Basically, as soon as a person starts ...
The meaning of SOLE PROPRIETORSHIP is a business practice consisting of a single owner. How to use sole proprietorship in a sentence.
operation of a sole proprietorship. Anyone who does business without formally creating a business organization is a sole proprietor. Many small businesses operate as sole proprietorships. Professionals, consultants, and other service businesses that require minimum amounts of capital often operate this ...
解析:“a sole proprietorship" 为我们将要定义的词(words to be defined), "a business" 为该词的种类 (category), 该词的额外信息(characteristics)为“ owned and operated by one individual for personal profit". 读完这句,a sole proprietorship 的含义是否了然了呢? 2. Alienationis a feeling of worker...
:the fact or state of being a proprietor 2 : : sole proprietorship corporation partnership More from Merriam-Webster onproprietorship Thesaurus:All synonyms and antonyms forproprietorship Love words? Need even more definitions? Subscribe to America's largest dictionary and get thousands more definitions...
Forming a sole proprietorship is relatively easy and inexpensive. However, you can complete a few steps to make your business more official. Let’s look at what a sole proprietorship is, your tax options, and how to start your business: How a sole proprietorship works Types of sole proprietor...
Define proprietorships. proprietorships synonyms, proprietorships pronunciation, proprietorships translation, English dictionary definition of proprietorships. n. 1. One who has legal title to something; an owner. 2. One who owns or owns and manages a bu
Advantages of Sole Proprietorships 1. The easiest and cheapest way to start a business Though the process varies depending on the jurisdiction, establishing a sole proprietorship is generally aneasyandinexpensiveprocess, unlike forming a partnership or a corporation[1]. ...
A sole proprietorship is atype of businessowned by one individual where the legal responsibility lies with that individual instead of being separated from the business. This means that all profits, losses, debts, taxes and other legal obligations are assumed entirely by the owner, also known asun...
sole proprietorship is a form of business organization, wherein a single person owns, manages and controls, all the business activities and the person who operates the business is called as a sole proprietor and sometimes, a sole trader.