Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Sole Proprietor

The one and only owner of an unincorporated business. That is, the business of a sole proprietor is not a corporation, a limited liability company, or anything else. The sole proprietor must list all profits and losses on his/her personal tax return and does not file a separate return for the business. Additionally, the sole proprietor is personally responsible for all losses and debts the business incurs. Some small businesses begin as sole proprietorships and then become something else. Other sole proprietorships are part-time businesses that the owners operate on the side.


The owner of a one-person business.




The sole owner of a trade or business.
References in classic literature ?
Most of the Fishermen followed the proprietor to the front room to demand news of any exit.
All the other men present drifted away to carry the recovered silver to their comrades, or to consult the proprietor about the queer condition of affairs.
He added that under the sole proprietor would handle the equity sie of the project and would own the buses while the Daewoo would be the operational partner and manage/operate the fleet.
The probe agency has also filed a case against a proprietor of a Noida-based private engineers company; three directors of a Delhi-based private technology company; two directors of another Noida-based private Infracon company; a proprietor of another Noida-based private electrical firm; a proprietor of a Ranchi-based private projects firm and unknown officers/officials of Noida Authority on the allegations of criminal conspiracy, misuse of official position, accepting bribe regularly by the then CEC of Noida Authority from the said contractors/firms while awarding contracts.
The proprietor, Swansea View Limited, registered in Jersey, was registered as proprietor in January 2016.
BLS implements the labor approach by multiplying nonfarm proprietor hours by nonfarm business employee compensation per hour; that is,
Summary: Suspect changed company's nature from LTD to one with a sole proprietor
These cards state vital information like the subtle elements for the vehicle including its enlistment number and skeleton number, and insights with respect to the vehicle's proprietor including his/her name, NIC number.
his team conducted a raid at Masood Travel Agency and arrested its proprietor Adeel Iqbal after registering a case against him.
Consequently, a sole proprietor must anticipate changes in the relative importance of the many sources of fees important to a growing practice.
Most "independent contractors" discussed in the article are found in the miscellaneous proprietor category.
This can free up the sole proprietor to devote more time to clients as well as other aspects of succession planning.