sole proprietorship

sole proprietorship.

1. A business in which one person owns all the assets, owes all the liabilities, and operates in his or her personal capacity. [Cases: Corporations

1. C.J.S. Corporations §§ 2, 4.]

2. Ownership of such a business. — Also termed individual proprietorship.

---

词条贡献者

双语律师李黎，国际知名法学院法律专业，擅长翻译各类与消费者金融诉讼相关的法律文件。