##  [Sole Proprietorship](/index.php/sole-proprietorship) 

  ##  [Sole Proprietorship](https://social.quantumdictionary.io/sole-proprietorship-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

An unincorporated business owned and controlled by a single individual in which the owner and the business are not separate legal persons; the proprietor receives all profits and bears all losses and liabilities, exposing personal assets to business obligations unless a separate legal form is later adopted.