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.

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词条贡献者

资深译员Jeffrey，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与建设工程诉讼有关的法律文件。