proprietor

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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.

proprietor

The owner of a one-person business.

proprietor

the owner of a business. See SOLE PROPRIETORSHIP, PARTNERSHIP, JOINT-STOCK COMPANY.

Proprietor

The sole owner of a trade or business.
References in periodicals archive ?
The number of expired CRs as on December 31, 2016 stood at 117,038 including 75,864 sole proprietorships and 41,174 commercial companies.
For all sole proprietorships, receipts increased 2.
When a single business owner desires the simplest tax treatment and does not want to incur the legal expense and deal with the formalities of forming a business under state law, a sole proprietorship may be appropriate.
For the first time, BEA has developed various statistics related to partnership and sole proprietorship tax returns for regions and states for 2002-2005.
Example: Joe owns a sole proprietorship that operates a retail shop.
The present study focuses on the impact of tax changes during the 1980s on sole proprietorship activity.
Proprietorships reported using savings accounts at about half the frequency of all other firms.
Nearly 60 percent of small sole proprietorships have a net income of less than $10,000, while only 3.
76 percent while the number of sole proprietorships rose 16.
The major legal forms of economic organization are: corporations, partnerships, and nonfarm sole proprietorships.
are sole proprietorships, according to the Small Business Administration's (SBA) Office of Advocacy.
Census Bureau, nearly 90% of the 823,500 African American-owned businesses in 1997 (the most recent census data available) were sole proprietorships.