C1nounformalbusinesslaw
US/prəˈpraɪ.ə.tər.ʃɪp/
UK/prəˈpraɪ.ə.tə.ʃɪp/
the legal right of owning something, especially a business
In context
He runs the shop as a sole proprietorship and keeps all the profits.
Proprietorship of the land passed to her daughter after the sale.
A sole proprietorship is the simplest way to start a small business.
Words that go with proprietorship
adjective + noun
- sole proprietorshipThey registered a sole proprietorship.
noun + preposition
- proprietorship ofProprietorship of the building is disputed.
- change of proprietorshipA change of proprietorship must be reported to the tax office.
verb + noun
- form a proprietorshipThey decided to form a proprietorship rather than a company.
verb + preposition
- operate as a proprietorshipMany freelancers operate as a proprietorship to keep paperwork simple.