A business structure in which an individual and his/her company are considered a single entity for tax and liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the proprietorship, so he/she is liable for any business debts. also called sole proprietorship.
Related information about proprietorship:
- Sole proprietorship - Wikipedia, the free encyclopedia
A 'sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which ...
- What is proprietorship? definition and meaning
Definition of proprietorship: A business structure in which an individual and his/ her company are considered a single entity for tax and liability purposes.
- proprietorship - The Free Dictionary
pro·pri·e·tor (pr -pr -t r). n. 1. One who has legal title to something; an owner. 2. One who owns or owns and manages a business or other such establishment.
- The Basics of Sole Proprietorships | Entrepreneur.com
May 12, 2005 ... The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.
- Sole Proprietorship Basics | Nolo.com
The sole proprietorship is the simplest legal structure for owning your own business.
- How to Start a Sole Proprietorship | Inc.com
Sole proprietorships are so easy to establish that you may already own one without realizing it -- all the more reason for getting set up properly so that you can ...
- Sole Proprietorships
Aug 29, 2012 ... Other Useful Forms for Sole Proprietorship · Publication 334, The Tax Guide for Small Business (for Individuals Who Use Schedule C or ...
- Sole Proprietorship Definition | Investopedia
The sole proprietor is an unincorporated business with one owner who pays personal income tax on profits from the business. With little government regulation, ...