proprietorship
/prəˈpraɪətərˌʃɪp/
noun
- The state or fact of owning a business or property; ownership.
- The legal document proved his proprietorship of the land.
- Proprietorship comes with both rights and responsibilities for the owner.
- After years of saving, she finally took proprietorship of her own bakery.
- A business owned and operated by one person, often called a sole proprietorship.
- He runs his landscaping company as a proprietorship, so he makes all the decisions himself.
- Many freelancers start as a proprietorship before forming a larger company.
- The tax rules for a proprietorship are simpler than for a corporation.
Antonyms