define proprietorship - Search
  1. Dictionary

    pro·pri·e·tor·ship
    [p(r)əˈprīədərˌSHip]
    noun
    proprietorship (noun) · proprietorships (plural noun)
    1. the state or right of owning a business or holding property:
      "the company was established in 1912 and is still under the proprietorship of the same family"
      • a business or property, etc., owned by a proprietor:
        "plenty of new firms, especially sole proprietorships, don't make money in their first few years of operation"
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  2. People also ask
    What are the disadvantages of proprietorship?The disadvantages of a sole proprietorship are the unlimited liability that goes beyond the business to the owner and the difficulty in getting capital funding, specifically through established channels, such as issuing equity and obtaining bank loans or lines of credit. When a business is registered, it has some legal protections.
    What is the definition of a proprietorship? A proprietor is an owner of any business establishment, regardless of the type of business it is—be it a bookstore, pizza place, or contracting business. Proprietorship is thus the same as ownership when it comes to a business.
    What is the legal status of a proprietorship in the United States?In the United States, despite the fact that it does not offer limited liability, sole proprietorships are the most highly used legal structures for businesses. A sole proprietorship is a business that is owned by only one person, and which does not have to be registered with the state, which is quite unlike an LLC or corporation which does.
     
  3. Proprietorship Definition & Meaning - Merriam-Webster

     
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  12. Sole Proprietorship: What It Is, Pros and Cons, and

    WEBFeb 23, 2024 · A sole proprietorship is an unincorporated business with one owner who pays personal income tax on profits and is liable for all debts. Learn how to start, run, and end a sole proprietorship, and compare it …

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  21. PROPRIETOR | definition in the Cambridge English Dictionary

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