noun the state of being a proprietor
In the business field, a proprietorship refers to a business owned and operated by a single individual.
In legal contexts, proprietorship can refer to the legal ownership of property or assets by an individual.
Proprietorship is a common term used in accounting to describe a business structure where there is a single owner.
Entrepreneurs often consider starting a proprietorship as a way to establish a small business with full control over operations.
A writer may operate their own business as a proprietorship, managing all aspects of their writing career including publishing, marketing, and distribution.
A psychologist may choose to establish a proprietorship to offer counseling services directly to clients, managing their practice independently.
A photographer may run a proprietorship to provide photography services, handling all aspects of their business from client bookings to editing and delivery of photos.
A consultant may operate as a proprietorship, offering their expertise in a specific field directly to clients and managing their consulting business independently.