proprietorship in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Proprietorship is a business ownership structure where an individual has complete control and is personally liable for all debts and obligations of the business.
Crossword clues for proprietorship
Crossword clue ideas and answer hints for the word "proprietorship".
- Individual-owned business structure with full control.
- Business model with personal liability for debts.
- Type of ownership where one person calls the shots.
- Sole ownership of a business, risks included.
- Complete control in a single-person business setup.
Proprietorship sentence examples
- The small bookstore operated under a proprietorship, giving the owner complete control over its operations.
- In a proprietorship, the owner is personally liable for all debts incurred by the business.
- She decided to convert her freelance graphic design work into a proprietorship to simplify her tax situation.
- The local coffee shop is a sole proprietorship, which allows the proprietor to make quick decisions without consulting partners.
- Starting a proprietorship requires minimal paperwork, making it an attractive option for many entrepreneurs.