proprietorship Definition
- 1the state of owning and controlling a business or property
- 2a business owned and run by one person
Using proprietorship: Examples
Take a moment to familiarize yourself with how "proprietorship" can be used in various situations through the following examples!
Example
She decided to start a proprietorship after working for a corporation for years.
Example
The proprietorship was passed down from father to son for generations.
Example
He was the sole proprietor of the small business.
Example
The proprietorship allowed her to make all the decisions without consulting anyone else.
proprietorship Synonyms and Antonyms
Phrases with proprietorship
sole proprietorship
a type of business entity that is owned and run by one individual and where there is no legal distinction between the owner and the business
Example
He registered his business as a sole proprietorship.
a type of business entity in which two or more individuals own and operate the business
Example
They formed a partnership to start their own law firm.
a type of business entity that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation
Example
They decided to form an LLC to protect their personal assets.
Summary: proprietorship in Brief
The term 'proprietorship' [pruh-prahy-i-ter-ship] refers to the state of owning and controlling a business or property, or a business owned and run by one person. It is often used in contrast to partnerships or corporations. Examples include 'She decided to start a proprietorship after working for a corporation for years.' and 'The proprietorship allowed her to make all the decisions without consulting anyone else.'
