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William，国内知名法学院金融专业，擅长翻译各类与投资基金、投资顾问及金融衍生工具相关的法律文件。