Proprietorship
/pro·pri·e·tor·ship/
Definitions
- (n.) The state or right of owning a business as a sole proprietor.
She established a proprietorship to manage her freelance consulting work.
Forms
- proprietorships
Related terms
See also
Commentary
Often used to distinguish single-owner businesses from other types of business structures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.