CEFR C1

sole proprietorship

noun

Meaning

A business owned and run by one individual, with no distinction between the business and the owner. The owner receives all profits but is also responsible for all losses and debts.

Examples

She decided to start her own freelance writing business as a sole proprietorship.
The restaurant was a sole proprietorship, meaning he was personally liable for all its debts.

Synonyms: sole trader, individual enterprise, one-person business, freelancer

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sole proprietorship (C1)

noun

Pronunciation: /ˌsoʊl prəˈpraɪətərʃɪp/

Definition

A business owned and run by one individual, with no distinction between the business and the owner. The owner receives all profits but is also responsible for all losses and debts.

Examples

She decided to start her own freelance writing business as a sole proprietorship.
The restaurant was a sole proprietorship, meaning he was personally liable for all its debts.
Many small businesses begin as sole proprietorships before they grow large enough to incorporate.

How to Use sole proprietorship

sole proprietorship (collocation): The business structure itself. — "The legal structure of the bakery was a sole proprietorship."

Synonyms of sole proprietorship

Words with a similar meaning to sole proprietorship:

Antonyms of sole proprietorship

Words with the opposite meaning to sole proprietorship:

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