HomeDefinitionsCompareDebt ProprietorshipThe financial definition for Proprietorship:An unincorporated business that is owned and operated by only one person who has complete liability for all assets, and complete rights to all profits. Similar MatchesSole proprietorshipSole proprietorshipA business owned by a single individual. A sole proprietor pays no corporate income tax but has unlimited liability for business debts and obligations. Click to compare definitions of Proprietorship Click to view definitions beginning pr |