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.

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Other Word Forms of Sole Proprietorship

Noun

Singular:
sole proprietorship
Plural:
sole-proprietorships

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