sole proprietorship Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “sole proprietorship” in the English Dictionary

"sole proprietorship" in Business English

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sole proprietorshipnoun [C]

uk   us   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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