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 ...
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 meaning of SOLE PROPRIETORSHIP is a business practice consisting of a single owner. How to use sole proprietorship in a sentence.
: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...
Some entrepreneurs may not need to incorporate a business. Anyone who operates a business without filing a company is a sole proprietor. Around 86.6% of...
A sole proprietorship is not a separate legal entity, like a partnership or a corporation. No legal formalities are necessary to create a sole proprietorship, other than appropriate licensing to conduct business and registration of a business name if it differs from that of the sole proprietor. ...
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...
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 a business organization, or lack their of, where the business owner and the business itself is one entity. For example, if you made some lemonade and sold it at the end of your road, you would be considered a sole proprietorship. No legal documents need to be cr...
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...