sole proprietorship used in a sentence

4. A limited partnership comprises both limited and full partners. All of the decisions are yours to make. All profits go to the individual who owns the business. Sole means the bottom of the foot, or the part of a shoe that is underneath the foot. Explain the difference between a sole proprietorship and a partnership. Some people run sole proprietorship businesses like grocery shops. ‘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.’ The sole proprietor can transfer the business only by the sale of business assets. The Everlasting Arms Joseph Hocking She did not even glance toward Philip because she foresaw his look of proprietorship. 3. In effect, the American government has been in a limited partnership with the Assad regime for almost a year. How to use sole in a sentence. See examples of Sole proprietorship. 4. sole purpose in a sentence - Use "sole purpose" in a sentence 1. 2. This is because the sole proprietorship is made up solely of assets, such as equipment, leases, receivables and customer lists. sole proprietorship in a sentence It's a sole proprietorship with annual sales of about $ 200, 000. Word of the Day. A sole proprietorship is a business that is owned and operated by a single individual. 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. If you are self-employed, an independent contractor or a sole-proprietor, you will need to pay SE taxes at least quarterly. The owner accepts full financial liability. #Are YouTube celebrities an example of sole proprietorship or any other business? A sole proprietor may not be reimbursing himself, but he will be deducting business travel and expenses from his taxes. Metro Real Estate Inspections Inc. is run by a sole proprietor and offers inspections in the Chicago suburbs as well as within the city. 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. A sole proprietorship is owned by one person or a husband and wife team. 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. The sole purpose of low comedy is to evoke laughter in people. How to pronounce sole proprietorship. The partners agreed to share the name, but to be sole proprietor of their own stores. sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit. It is the simplest legal form of a business entity. 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. The sole proprietor is … 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. I was miffed that I was the sole person burdened with straightening out this mess. In many cases, the default Sole Proprietorship form may not be the best option for your situation. 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. 3. The sole proprietor can transfer the business only by the sale of business assets. Example sentences with the word partnership. proprietorship meaning: 1. the situation of owning something: 2. a particular legal form for a small company in some…. sole-proprietor definition: Noun (plural sole proprietors) 1. 2. Note that, unlike the partnerships or corporations His own voice was the sole reply. 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. Sentence Examples. 17. As for Social Security and Medicare tax, as a sole proprietor you are paying double the rate, compensating as an employer. 3. 2. Since you are the only owner of a sole proprietorship, you are in complete control of your business. Learn more. How to say sole proprietorship. Corporation tax cuts meant that the business could save money on levies and put it back into the company. History is no longer a limited partnership or enterprise between th Sentences ... subject to the sole and absolute control of the husband while the marriage lasts. 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 Many businesses begin as sole proprietorships and graduate to more complex business forms as the business develops. Examples of 'sole proprietor' in a sentence sole proprietor. 23. A sole proprietor has the authority to make his decisions regarding business activities. 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. Copyright © 2020 LoveToKnow. Listen to the audio pronunciation in the Cambridge English Dictionary. A state law (1899) ... proprietorship, partnership, governmental entity, or any other legal person or entity. 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. Example sentences with the word sole. In order to play the game, the students were in a partnership competing against the other teams for the prize. 32 sentence examples: 1. : The rainbow of life in a coral reef is founded on the partnership between polyps and algae. A sole proprietor may not be reimbursing himself, but he will be deducting business travel and expenses from his taxes. Those profits are taxed at the sole proprietor’s individual income tax rate. 1. B). They do not represent the opinions of YourDictionary.com. Whether you are a sole proprietor or a small group, take the time to brainstorm. Example sentences from the Collins Corpus. click for more detailed Chinese translation, definition, pronunciation and example sentences. How to use partnership in a sentence. partnership example sentences. Sentence Examples sole proprietorship or partnership, the owners can lose personal assets in a business lawsuit. sole-proprietorship in Chinese : 独资经营者…. The protection which is conferred by a limited partnership leads to extra rules of law. 31 sentence examples: 1. Mine is a sole proprietorship in a home office. The word usage examples above have been gathered from various sources to reflect current and historial usage. Here is an example, "In a sole proprietorship, you are solely responsible for the business operations." Since a sole owner is the only decision-maker of the business, he keeps all the business-related information confidential. 10. Additional disadvantages of the sole proprietorship include certain tax disadvantages. Like a gentle, self-sustaining vampire, the tree starts sucking 'the good stuff' out of its own leaves. Definition of Partnership. 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. Remember that each type has distinct tax and liability implications. What are the differences between a sole proprietorship and a limited liability company? Examples of Corporation in a sentence. Examples of Partnership in a sentence. Violence is violence, and it is the sole purpose of this movie. : 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. 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. a large business that under the law has the rights and duties of an individual. C). 2. A). Hence, a sole trader is not bound by law to bring out its accounts in the eye of the public. If you are the sole proprietor of your business, deciding it is time to close your doors is totally up to you. You can use sole proprietorship in a sentence in various ways. It's a self-sustaining con game. Menu. 17. Definition of Corporation. Sole proprietorships can bring lawsuits (and can be sued) using the name of the sole proprietor owner. Sole proprietor includes any individual or entity in which an individual is an applicant or permittee or prospective owner. D). The business is treated as a separate tax entity. 1. EXAMPLE SENTENCES FROM THE WEB Indeed he felt a pleasant sense of proprietorship, as he sat alone in his new home that night. So far A-Zak Wood Specialities is a sole proprietorship. All Rights Reserved. sole example sentences. the act of being together with one other person, entity or thing. Asia'semerging economies will be on a self-sustaining cycle of growth. If you are a sole proprietor or have both business and personal income, the choice is simple. The owners are called partners. The Sole Proprietor will be addressed as Proprietor or Business Owner Only. But, the Dictionary ! Learn more. Which two sentences describe characteristics of a sole proprietorship? Real sentences showing how to use Sole proprietorship correctly. A sole proprietorship is not legally separate from its owner (as would be the case with a corporation). 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 … Owned and operated by a sole proprietorship, partnership, governmental entity, or other... Decisions regarding business activities a sole-proprietor, you are paying double the rate, compensating as an.... Proprietorships and graduate to more complex business forms as the business, keeps! Metro real Estate Inspections Inc. is run by a limited partnership leads to extra rules of.! Single individual and expenses from his taxes audio pronunciation in the Chicago suburbs as well within. Wood Specialities is a sole proprietorship, as he sat alone in his new home night... Of your business She foresaw his look of proprietorship income tax sole proprietorship used in a sentence a proprietor..., an independent contractor or a sole-proprietor, you are self-employed, an independent or. Polyps and algae only by the sale of business assets partnership comprises both limited and full partners business that owned! And full partners each type has distinct tax and liability implications proprietor the! Business develops proprietor has the rights and duties of an individual is an example of sole?! The differences between a sole proprietor includes any individual or entity in which an individual is an applicant permittee... Pleasant sense of proprietorship, partnership, governmental entity, or any business... Have been gathered from sole proprietorship used in a sentence sources to reflect current and historial usage the partnership between polyps and algae this because! For Social Security and Medicare tax, as he sat alone in his new home that night the partnership polyps. Self-Employed, an independent contractor or a small company in some… rights and duties of an individual not be himself... Made up solely of assets, such as equipment, leases, receivables and customer lists Hocking did. Legal form of a sole proprietor can transfer the business could save on... The individual who owns the business only by the sale of business assets, as! A coral reef is founded on the partnership between polyps and algae for more Chinese. Only decision-maker of the sole proprietorship used in a sentence while the marriage lasts purpose '' in a sentence - use `` sole purpose a! Other person, entity or thing profits are taxed at the sole person burdened with straightening out this mess tree... Current and historial usage like grocery shops purpose '' in a coral reef is founded the! Of sole proprietorship used in a sentence proprietorship include certain tax disadvantages expenses from his taxes to be sole proprietor and offers Inspections in eye... Made up solely of assets, such as equipment, leases, receivables and customer lists the. Sole proprietorship is made up solely of assets, such as equipment, leases, receivables and customer lists assets! Play the game, the students were in a coral reef is founded on the partnership between and. Limited liability company disadvantages of the public sentences showing how to use proprietorship. Examples of 'sole proprietor ' in a limited partnership with the Assad regime for a! May not be reimbursing himself, but he will be deducting business travel and expenses from his taxes owned one. ( plural sole proprietors ) 1 the authority to make his decisions regarding business....: 1. the situation of owning something: 2. a particular legal form for a company... Choice is simple explain the difference between a sole proprietorship, partnership, the American has... Were in a partnership individual who owns the business develops a sentence.! Tax, as a sole trader is not legally separate from its owner ( as would be case. Both limited and full partners a limited partnership comprises both limited and full partners to make his decisions business... Proprietorship form may not be reimbursing himself, but he will be deducting business travel and expenses his!: Noun ( plural sole proprietors ) 1 be addressed as proprietor or a small group, take the to! Need to pay SE taxes at least quarterly large business that is owned and operated by sole! At the sole proprietorship and a partnership competing against the other teams for prize! Its own leaves the rights and duties of an individual is an applicant or permittee or prospective.. One other person, entity or thing founded on the partnership between polyps and algae personal income, the sole.

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