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

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Dictionary Entries Near sole proprietorship

sole custody

sole proprietorship

solicit

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Cite this Entry

“Sole proprietorship.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/sole%20proprietorship. Accessed 27 Oct. 2021.

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