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- Dictionaryproprietorship/prəˈprʌɪətəʃɪp/
noun
- 1. the state or right of owning a business or holding property: "the company was established in 1912 and is still under the proprietorship of the same family"
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Proprietorship is the situation of owning something or a legal form for a small company in some countries. Learn more about the meaning, usage and examples of proprietorship from the Cambridge Dictionary.
- English (US)
PROPRIETORSHIP meaning: 1. the situation of owning...
- Znaczenie Proprietorship, Definicja W Cambridge English Dictionary
proprietorship definicja: 1. the situation of owning...
- Propriety
PROPRIETY definition: 1. correct moral behaviour or actions:...
- Sole Proprietorship
SOLE PROPRIETORSHIP definition: a business that is owned and...
- Proprietor
PROPRIETOR definition: 1. a person who owns a particular...
- English (US)
- Definition of Sole Proprietorship
- Features of Sole Proprietorship
- Advantages of Sole Proprietorship
- Limitations of A Sole Proprietorship
- Advantages of A Sole Proprietorship
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It is that type of business organization which is owned, managed and controlled by a single owner.The word “sole” means “only” and “proprietor” notes to “owner”.A sole proprietor is the beneficiary of all profits.All risks are to be borne by the sole proprietor.(1) Formation and Closure 1. This type of business organization is formed by the owner himself. 2. No legal conventions are obliged to start the sole proprietorship form of organization. 3. In some instances, the legal formalities are required or the owner should have a particular license or a certificate to run the business. 4. The owner can close...
Some of the popular advantages of a sole proprietorship are. 1. Quick decision making– A sole proprietor has the freedom to make any decision. Therefore, the decision would be prompt as they don’t have to take the permission of others. 2. Confidentiality of information- Being only the owner of the business, it allows him/her to keep all the busines...
Some of the primary limitations of a sole proprietorship are as follows: (1) Limited Resources 1. Resources of a sole proprietor are limited to his savings and borrowings from the relatives. 2. Banks also hesitate or deny giving the long term loans or extend the limit of long term loans due to the weak financial position of the business. 3. Lack of...
Some of the important advantages of a sole proprietorship are as follows: (1) Quick Decision Making 1. A sole proprietor exercises his right in making business choices. 2. It is easy for a sole trader to make decisions quickly, as he is the sole receiver of all the profits. 3. There is no need to share profits with anyone because he is the only inv...
A sole proprietorship is a business owned, controlled and operated by a single individual who bears all risks and reaps all profits. Learn the meaning, characteristics, benefits and drawbacks of this type of business organization with examples and multiple choice questions.
Learn the meaning of proprietorship as the state or fact of being a proprietor, a business entity consisting of a single owner, or a historical form of colonial government. See examples, synonyms, and related phrases of proprietorship.
Proprietorship is the formal term for being the owner of a business or a hotel. Learn how to pronounce, use and synonymize this word with Oxford Advanced Learner's Dictionary.
Define proprietorship. proprietorship synonyms, proprietorship pronunciation, proprietorship translation, English dictionary definition of proprietorship. n. 1. One ...
2 days ago · proprietorship: 1 n an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits Synonyms: proprietary Type of: ownership the relation of an owner to the thing possessed; possession with the right to transfer possession to others
A proprietor is a person who owns and usually manages a business, such as a hotel, a shop, or a newspaper. Learn more about the meaning, usage, and synonyms of proprietor from Cambridge Dictionary.
