proprietorship (B2)

noun

Pronunciation: /prəˈpraɪətərʃɪp/

Definition

The state or right of owning a business or property; exclusive ownership.

Examples

• The sole proprietorship offers simplicity in setup but unlimited personal liability.

• She established a proprietorship in the fashion industry after years of experience.

• The company transitioned from a partnership to a sole proprietorship to streamline management.

Synonyms of proprietorship

Words with a similar meaning to proprietorship:

• ownership
• control
• possession
• stewardship

Antonyms of proprietorship

Words with the opposite meaning to proprietorship:

• partnership
• corporation
• tenancy

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