sole proprietor
noun
Pronunciation: /soʊl prəˈpraɪətər/
Definition
An individual who owns and operates a business alone, without a legal separation between the owner and the company.
Examples
Many freelancers begin their careers as a sole proprietor to minimize startup costs and administrative complexity.
As a sole proprietor, you are personally liable for all debts incurred by your business.
The local bakery is run by a sole proprietor who manages every aspect of the shop personally.
Synonyms of sole proprietor
Words with a similar meaning to sole proprietor:
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