SOLEPROPRIETORSHIP

Sole proprietorship

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business.

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sole proprietorship

Noun

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


The above text is a snippet from Wiktionary: sole proprietorship
and as such is available under the Creative Commons Attribution/Share-Alike License.

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