sole proprietorship Meaning in Cambridge Business English Dictionary
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Meaning of "sole proprietorship" - Business English Dictionary

sole proprietorship

noun [C]
 
 
( also sole propietor company) LAW
a business that is owned and operated by only one person: A sole proprietorship is owned by one person who reports the profits on a personal income-tax return.
(Definition of sole proprietorship from the Cambridge Business English Dictionary © Cambridge University Press)
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