What is the meaning of SOLE PROPRIETOR?

SOLE PROPRIETOR is an individual who owns a business as opposed to stock in a corporation. A sole proprietor pays no corporate income tax but has unlimited liability for his/her business debts and obligations. See: SOLE PROPRIERTORSHIP.

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APABarry Goldsmith. (2010). sole proprietor. Retrieved September 21, 2026, from http://smartdefine.org/sole_proprietor/definitions/1163779
ChicagoBarry Goldsmith. 2010. "sole proprietor" http://smartdefine.org/sole_proprietor/definitions/1163779 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, sole proprietor, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/sole_proprietor/definitions/1163779>.
MLABarry Goldsmith. "sole proprietor" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/sole_proprietor/definitions/1163779>