noun
- plural of proprietorship; the state, condition, or fact of being a proprietor or owner of a business or property
- plural of proprietorship; a business enterprise owned and operated by one person or a small group of owners
Usage: commonly used in business and legal contexts
Usage: business/commercial context
Examples
- Many small proprietorships in the downtown area have been family-owned for generations.
- The tax code treats proprietorships differently from corporations.
- She established several proprietorships across three states.
- Proprietorships are the simplest form of business organization to start.
- The accountant specializes in helping proprietorships manage their finances.
- Unlike partnerships, proprietorships have only one owner responsible for all debts.