- A business that is owned and managed by one person (or, for tax purposes, a married couple), and distinguished from a corporation or partnership. A sole proprietor and the business are one tax entity, so any business profits or losses are reported and taxed on the proprietor's personal tax return. A sole proprietor is personally liable for all business debts.
Business law dictionary. 2015.
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sole proprietorship — n: a business owned and controlled by one person who is solely liable for its obligations compare corporation, partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Sole proprietorship — A sole proprietorship, or simply proprietorship (Benjamen Clark.: sole trader) is a type of business entity which legally has no separate existence from its owner. Hence, the limitations of liability enjoyed by a corporation and limited liability … Wikipedia
Sole Proprietorship — The sole proprietor is an unincorporated business with one owner who pays personal income tax on profits from the business. With little government regulation, they are the simplest business to set up or take apart, making them popular among… … Investment dictionary
Sole proprietorship — A business owned by a single individual. The sole proprietorship pays no corporate income tax but has unlimited liability for business debts and obligations. The New York Times Financial Glossary * * * sole proprietorship UK US noun [C] (also… … Financial and business terms
sole proprietorship — A business owned by a single individual. A sole proprietor pays no corporate income tax but has unlimited liability for business debts and obligations. Bloomberg Financial Dictionary * * * sole proprietorship UK US noun [C] (also sole propietor… … Financial and business terms
sole proprietorship — A form of business in which one person owns all the assets of the business in contrast to a partnership, trust or corporation. The sole proprietor is solely liable for all the debts of the business … Black's law dictionary
sole proprietorship — ➡ companies * * * … Universalium
sole proprietorship — noun A business that is wholly owned by a single person, who has unlimited liability … Wiktionary
sole proprietorship — individual ownership, control by one person … English contemporary dictionary
sole proprietorship — Business owned entirely by one person … Dictionary of automotive terms