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Proprietor
(redirected from proprietorships)

   Also found in: Dictionary/thesaurus, Financial 0.04 sec.

proprietor n. the owner of anything, but particularly the owner of a business operated by that individual.


PROPRIETOR. The owner. (q.v.)


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Because most sole proprietorships use the cash method, a sole proprietor considering conversion to an LLC taxed as a partnership needs to determine whether the cash method will still be available.
Sole proprietorships and family partnerships without any payroll will also be frustrated.
New business owners (and most business owners) operate as sole proprietorships and need to understand the three basic IRS forms for sole proprietor tax reporting and payment.
 
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