单词	sole proprietorship
释义	sole proprietorship noun plural sole proprietorships : a business practice consisting of a single owner The wife's business is not a partnership but a sole proprietorship. It belongs to her, not the couple. Alan Farnham Each business organization is structured in one of three ways: (1) as a sole proprietorship, (2) as a partnership, or (3) as a corporation. A sole proprietorship is owned and operated by one individual. The owner reaps all profits and is responsible for all the debts of the business. Harriet E. Jones et al. Word History First Known Use 1903, in the meaning defined above Legal Definition sole proprietorship noun : a business owned and controlled by one person who is solely liable for its obligations compare corporation, partnership
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