proprietorship Sentence Examples
- Sarah decided to establish her business as a sole proprietorship to maintain full control over its operations.
- The advantages of a sole proprietorship include simplified decision-making and minimal regulatory requirements.
- As a sole proprietorship, the business's profits and losses are directly attributed to the owner.
- He registered his photography studio as a sole proprietorship to pursue his passion for capturing moments.
- The bakery operated as a sole proprietorship until the owner decided to expand and form a partnership.
- Starting a sole proprietorship allowed him to test his business idea without significant financial investment.
- Despite the flexibility of a sole proprietorship, it may be challenging to raise capital for expansion.
- The owner of the consulting firm chose a sole proprietorship structure to maintain privacy regarding financial matters.
- Legal liability in a sole proprietorship extends to the owner's personal assets.
- Transitioning from a sole proprietorship to a partnership requires careful consideration and legal documentation.
proprietorship Meaning
proprietorship (n)
an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
Synonyms & Antonyms of proprietorship
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FAQs About the word proprietorship
an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
ownership, dominion, hands, enjoyment,possession, control, power, mastery, claiming, procurement
relinquishment, relinquishment, dispossession, dispossession, surrendering, surrendering, transferal, nonpossession,nonpossession, transferal
Sarah decided to establish her business as a sole proprietorship to maintain full control over its operations.
The advantages of a sole proprietorship include simplified decision-making and minimal regulatory requirements.
As a sole proprietorship, the business's profits and losses are directly attributed to the owner.
He registered his photography studio as a sole proprietorship to pursue his passion for capturing moments.
