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sole proprietorship |
Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson | 0.01 sec. |
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Sole proprietorship A business owned by a single individual. A sole proprietor pays no corporate income tax but has unlimited liability for business debts and obligations. sole proprietorship Ownership of a business by an individual rather than a partnership, corporation,or limited liability company. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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