For Sole Proprietorship we have terms and definitions in 9 topics. The topics are Accounting, Accounting Terms, Business, Finance, International Business, Real Estate, Restaurant, Securities and Tax.

Sole Proprietorship (Accounting)

See PROPRIETORSHIP.

Sole Proprietorship (Accounting Terms)

See PROPRIETORSHIP.

Sole Proprietorship (Business)

Business legal structure in which one individual owns the business.

Sole Proprietorship (Finance)

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 (International Business)

A business owned by a single individual. The sole proprietorship pays no corporate income tax but has unlimited liability for business debts and obligations.

Sole Proprietorship (Real Estate)

A method of owning a business in which one person owns the entire business and reports all profits and losses directly on his or her personal income tax return, as contrasted with corporate, joint or partnership ownership. A sole or individual proprietorship is easy to organize and flexible to operate. It is frequently used in real estate brokerage. An individual proprietor may run a brokerage company if he or she has a valid broker's license. The proprietor may use his or her own name or a fictitious name previously registered as required by state law. There is a growing tendency for sole proprietors to incorporate and thus take advantage of certain tax and fringe benefits, such as those provided by pension and profit-sharing plans.

Sole Proprietorship (Restaurant)

A business owned and run by one person. This business structure is a common form for small businesses. This structure is the simplest and least expensive legal structure, but can have high costs in lost tax advantages and increased personal liability.

Sole Proprietorship (Securities)

A business entity that is owned and operated by a single individual.

Sole Proprietorship (Tax)

A business carried on by the owner as an individual. The owner of a sole proprietorship is personally liable for all business debts; thus, personal property could be taken to pay business debts. A Sole Proprietorship is an unincorporated business wholly owned by one individual.

Similar

Browse words that start with:

• So
• Sol
• Sole
• Sole

Browse All Terms by First Letter

Term Search