Law Dictionary

sole proprietorship

noun

legal Definition of sole proprietorship

:a business owned and controlled by one person who is solely liable for its obligations — compare corporation, partnership

Seen and Heard

What made you want to look up sole proprietorship? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

to praise usually to excess

Get Word of the Day daily email!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!