noun
- the state or condition of being a proprietor; ownership of a business or property
- a business owned and operated by a single person (sole proprietorship)
Usage: business/legal context
Examples
- She established a proprietorship to run her consulting firm independently.
- A proprietorship is the simplest form of business organization.
- He transferred his proprietorship to his daughter when he retired.
- Unlike a corporation, a proprietorship does not require extensive paperwork.
- The proprietorship gave her complete control over business decisions.
- Many small shops operate as a proprietorship rather than a larger company.