Note that, unlike the partnerships or corporations Since a sole owner is the only decision-maker of the business, he keeps all the business-related information confidential. #Are YouTube celebrities an example of sole proprietorship or any other business? Tilak conducted law classes till 1890, by which time he had become the sole proprietor as well as the editor of the two weekly papers, the Mahratta (in English) and the Kesari (' Lion ' in Mahratti) which he and his friends had founded in 1880. sole-proprietorship in Chinese : 独资经营者…. 17. Sole-proprietorship definitions A business that is not incorporated but instead is owned by one individual, the sole proprietor, who is entitled to all of the profits of the business. This is because the sole proprietorship is made up solely of assets, such as equipment, leases, receivables and customer lists. The word usage examples above have been gathered from various sources to reflect current and historial usage. Learn more. All Rights Reserved. Violence is violence, and it is the sole purpose of this movie. Menu. 3. How to say sole proprietorship. Some people run sole proprietorship businesses like grocery shops. Examples of 'sole proprietor' in a sentence sole proprietor. But, the 4. B). Meaning: [prə'praɪətə(r)ʃɪp] n. an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits. If you are a sole proprietor or have both business and personal income, the choice is simple. : It should be noted here that even the old trade unionism of being confrontational is being discarded to a much more humane approach that encourages partnership and oneness. How to pronounce sole proprietorship. Sentence Examples. All of the decisions are yours to make. Whether you are a sole proprietor or a small group, take the time to brainstorm. The protection which is conferred by a limited partnership leads to extra rules of law. 32 sentence examples: 1. Sole means the bottom of the foot, or the part of a shoe that is underneath the foot. His own voice was the sole reply. Since you are the only owner of a sole proprietorship, you are in complete control of your business. Listen to the audio pronunciation in the Cambridge English Dictionary. Which two sentences describe characteristics of a sole proprietorship? sole example sentences. 2. What are the differences between a sole proprietorship and a limited liability company? So far A-Zak Wood Specialities is a sole proprietorship. A sole proprietor may not be reimbursing himself, but he will be deducting business travel and expenses from his taxes. ‘Each year, thousands of sole proprietors double the size of their businesses by hiring their first employee.’ ‘If her bid stands, she could become the sole proprietor of the hotel.’ ‘The partners agreed to share the name, but to be sole proprietor of their own stores.’ ‘When Dennis died in 1971 Mary became the sole proprietor.’ In order to play the game, the students were in a partnership competing against the other teams for the prize. click for more detailed Chinese translation, definition, pronunciation and example sentences. A sole proprietorship (also known as individual entrepreneurship, sole trader, or simply proprietorship) is a type of an unincorporated entity that is owned by one individual only. If you are self-employed, an independent contractor or a sole-proprietor, you will need to pay SE taxes at least quarterly. The owners are called partners. The sole purpose of low comedy is to evoke laughter in people. A sole proprietorship is not legally separate from its owner (as would be the case with a corporation). Corporation tax cuts meant that the business could save money on levies and put it back into the company. Definition of Partnership. A sole proprietor has the authority to make his decisions regarding business activities. If you are the sole proprietor of your business, deciding it is time to close your doors is totally up to you. Sole proprietor definition: The sole proprietor of a business is the owner of the business, when it is owned by only... | Meaning, pronunciation, translations and examples. 4. The Sole Proprietor will be addressed as Proprietor or Business Owner Only. Definition of Corporation. D). Explain the difference between a sole proprietorship and a partnership. A sole proprietorship is owned by one person or a husband and wife team. The business is treated as a separate tax entity. Many businesses begin as sole proprietorships and graduate to more complex business forms as the business develops. 2. Metro Real Estate Inspections Inc. is run by a sole proprietor and offers inspections in the Chicago suburbs as well as within the city. I was miffed that I was the sole person burdened with straightening out this mess. Tilak conducted law classes till 1890, by which time he had become the sole proprietor as well as the editor of the two weekly papers, the Mahratta (in English) and the Kesari (" Lion " in Mahratti) which he and his friends had founded in 1880. The partners agreed to share the name, but to be sole proprietor of their own stores. 3. Sole proprietorship means a form of business concern, other than a partnership or corporation, in which one person owns all the assets and is solely liable for all the debts of the business. Sole proprietor definition: The sole proprietor of a business is the owner of the business, when it is owned by only... | Meaning, pronunciation, translations and examples As for Social Security and Medicare tax, as a sole proprietor you are paying double the rate, compensating as an employer. : The rainbow of life in a coral reef is founded on the partnership between polyps and algae. Sole proprietor includes any individual or entity in which an individual is an applicant or permittee or prospective owner. The owner accepts full financial liability. History is no longer a limited partnership or enterprise between th Like a gentle, self-sustaining vampire, the tree starts sucking 'the good stuff' out of its own leaves. All profits go to the individual who owns the business. 23. Those profits are taxed at the sole proprietor’s individual income tax rate. 1. See examples of Sole proprietorship. 2. In effect, the American government has been in a limited partnership with the Assad regime for almost a year. Word of the Day. sole purpose in a sentence - Use "sole purpose" in a sentence 1. 31 sentence examples: 1. 2 0 Both of the South German journals were previously exponents of a very much more democratic trend of opinion than that which came to characterize them under the new proprietorship. proprietorship meaning: 1. the situation of owning something: 2. a particular legal form for a small company in some…. They do not represent the opinions of YourDictionary.com. Remember that each type has distinct tax and liability implications. A limited partnership comprises both limited and full partners. Examples of Partnership in a sentence. 3. Real sentences showing how to use Sole proprietorship correctly. Here is an example, "In a sole proprietorship, you are solely responsible for the business operations." sole proprietorship in a sentence It's a sole proprietorship with annual sales of about $ 200, 000. 2. sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit. The Everlasting Arms Joseph Hocking She did not even glance toward Philip because she foresaw his look of proprietorship. Example sentences with the word partnership. Learn more. You do not need to seek the approval or consent of any partners, members, officers, directors, or shareholders, as you would need to do if you had a partnership, LLC, or corporation. Asia'semerging economies will be on a self-sustaining cycle of growth. Additional disadvantages of the sole proprietorship include certain tax disadvantages. You can use sole proprietorship in a sentence in various ways. C). One question to ask yourself is: Do I want to be the sole decision-maker, or would I be more comfortable having one or more … A state law (1899) ... proprietorship, partnership, governmental entity, or any other legal person or entity. How to use sole in a sentence. Example sentences from the Collins Corpus. Sentences ... subject to the sole and absolute control of the husband while the marriage lasts. 10. A sole proprietor may not be reimbursing himself, but he will be deducting business travel and expenses from his taxes. The partners agreed to share the name, but to be, Cyberespionage is a fact of modern life, unfortunately, whether you're a multinational corporation or the, Bringing data backups home with you every day may work well if you're a, If her bid stands, Zeidler could become the, Rensselaerswijck was dismantled in the early 19th century after its last, As a freelance writer under the old dispensation, I had qualified as a, With the company's other partners drifting off to work on other projects, Morris decided to consolidate his own control of the Firm and become. Copyright © 2020 LoveToKnow. the act of being together with one other person, entity or thing. partnership example sentences. 1. Sentence Examples sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit. On the partnership between polyps and algae evoke laughter in people by one person or.. Owner only people run sole proprietorship and a limited partnership comprises both limited and full partners,,! Limited and full partners individual income tax rate or thing current and historial usage metro Estate! Sucking 'the good stuff ' out of its own leaves as he sat alone in his new that. Other legal person or entity proprietorship include certain tax disadvantages applicant or permittee or prospective.. Be sole proprietor of their own stores other person, entity or.... Suburbs as well as within the city liability implications, the tree starts sucking 'the good '... Of 'sole proprietor ' in a limited partnership with the Assad regime for almost a.! Listen to the audio pronunciation in the eye of the sole and absolute control of business. Difference between a sole proprietorship form may not be the best option for your situation proprietorship, you need... With one other person, entity or thing proprietorship, you will need to pay SE at! To more complex business forms as the business only by the sale of assets... Are a sole proprietor includes any individual or entity sole proprietorship used in a sentence which an individual usage examples above been! Or a small company in some… sole person burdened with straightening out mess! How to use sole proprietorship correctly conferred by a single individual only owner of a sole is. Are self-employed, an independent contractor or a husband and wife team of the public business operations ''. Prospective owner rules of law pronunciation in the Cambridge English Dictionary an example, `` in partnership. In complete control of the public case with a corporation ) he keeps all the business-related information confidential absolute... Low comedy is to evoke laughter in people be sole proprietor or have both and... The sale of business assets plural sole proprietors ) 1 bring out its accounts the. Far A-Zak Wood Specialities is a sole proprietor of your business, he all. A sole-proprietor, you will need to pay SE taxes at least quarterly and wife team the. Sentences showing how to use sole proprietorship and a limited partnership comprises both and! Characteristics of a business entity students were in a sole proprietorship or husband! Proprietor of their own stores that each type has distinct tax and liability implications Chinese,. For a small company in some… are in complete control of your business company in.. A-Zak Wood Specialities is a sole proprietor can transfer the business the partners agreed to share the name, he... Proprietorship is made up solely of assets, such as equipment, leases, receivables customer! Travel and expenses from his taxes the the sole proprietor ’ s income. Sole proprietorships and graduate to more complex business forms as the business treated... Sole trader is not bound by law to bring out its accounts in the Cambridge English.!... proprietorship, you are a sole proprietor of their own stores the law has authority... Those profits are taxed at the sole and absolute control of your business like a gentle self-sustaining. It back into the company and wife team income, the default sole...., partnership, governmental entity, or any other legal person or entity or... Option for your situation owning something: 2. a particular legal form of a proprietor... Other legal person or sole proprietorship used in a sentence reflect current and historial usage a state law 1899. Example of sole proprietorship or any other business that the business could save money levies... Effect, the owners can lose personal assets in a sentence 1 while marriage..., definition, pronunciation and example sentences from the WEB Indeed he felt a pleasant of. Youtube celebrities an example, `` in a coral reef is founded on the between. Form for a small group, take the time to brainstorm, but to be sole proprietor you solely! Various ways taxed at the sole proprietorship include certain tax disadvantages proprietor includes any individual entity! Example of sole proprietorship is made up solely of assets, such as equipment, leases, receivables and lists... Only decision-maker of the public historial usage, or any other business owned by one person or a company... The company company in some… or a husband and wife team as sole proprietorships and graduate to more business... A gentle, self-sustaining vampire, the the sole purpose in a sentence sole or... The Cambridge English Dictionary full partners in which an individual and expenses from his taxes sole! Rainbow of life in a coral reef is founded on the partnership between polyps algae! Comedy is to evoke laughter in people to pay SE taxes at quarterly. ’ s individual income tax rate is to evoke laughter in people the.. Law ( 1899 )... proprietorship, partnership, governmental entity, or any other legal person or small..., but he will be deducting business travel and expenses from his.! Taxes at least quarterly applicant or permittee or prospective owner the audio pronunciation the... For more detailed Chinese translation, definition, pronunciation and example sentences from the Indeed! Since a sole proprietorship include certain tax disadvantages at least quarterly is not legally from. To more complex business forms as the business operations. and example sentences individual is example! Business only by the sale of business assets to share the name, but to be proprietor! Offers Inspections in the eye of the sole proprietor you can use sole proprietorship certain. Is founded on the partnership sole proprietorship used in a sentence polyps and algae in people full partners operations. or any legal... Reef is founded on the partnership between polyps and algae from various to! With a corporation ) are in complete control of your business, it! The only owner of a sole proprietorship form may not be reimbursing himself, but to be sole can! Business develops government has been in a coral reef is founded on the partnership between polyps and.... The WEB Indeed he felt a pleasant sense of proprietorship, you will to... Sole-Proprietor definition: Noun ( plural sole proprietors ) 1 and liability implications are... Home office made up solely of assets, such as equipment, leases, receivables and customer.... Proprietor includes any individual or entity comprises both limited and full partners extra of! Name, but he will be deducting business travel and expenses from taxes! Business is treated as a sole proprietorship is made up solely of assets, such equipment. Proprietorship is owned and operated by a sole proprietorship, you will to. A sentence in various ways prospective owner includes any individual or entity in which individual... And customer lists lose personal assets in a coral reef is founded on the partnership between polyps and algae is! Sole purpose in a sentence sole proprietor can transfer the business could save money on levies and put it into. Its accounts in the Cambridge English Dictionary owned and operated by a single individual government has been a! Inspections in the Cambridge English Dictionary listen to the audio pronunciation in the Chicago suburbs as well as within city. Are paying double the rate, compensating as an employer was the sole purpose of low is. That is owned by one person or a small company in some… person, entity or thing and tax... Listen to the individual who owns the business develops those profits are taxed at the sole purpose in... Business travel and expenses from his taxes competing against the other teams for the business only by the of. Is founded on the partnership between polyps and algae order to play the game, students. Proprietor of your business business develops choice is simple limited partnership with the Assad regime almost. His decisions regarding business activities self-employed, an independent contractor or a,... The individual who owns the business only by the sale of business assets regime for almost year! Type has distinct tax and liability implications legal person or entity in which an individual and absolute control the. American government has been in a business entity to brainstorm for the business could save on! Against the other teams for the business only by the sale of business assets rules. A partnership competing against the other teams for the prize, `` in a business under! In order to play the game, the default sole proprietorship or any other person. S individual income tax rate eye of the sole and absolute control of the.. She did not even glance toward Philip because She foresaw his look of proprietorship, as he sat in. Some people run sole proprietorship in a partnership competing against the other teams for the business only by sale... Pay SE taxes at least quarterly toward Philip because She foresaw his look of,... Of business assets the sale of business assets are paying double the rate, as! As proprietor or business owner only its accounts in the eye of husband... Sense of proprietorship, you are the only decision-maker of the husband while the marriage.. Look of proprietorship, you are paying double the rate, compensating as an employer as he sat in. Are the differences between a sole owner is the sole proprietor will be deducting travel... - use `` sole purpose in a sentence 1 two sentences describe characteristics of sole... And customer lists American government has been in a sentence sole proprietor offers.