SOLE PROPRIETORSHIP
sole proprietorship.
1. A business in which one person owns all the assets, owes all the liabilities, and operates in his or her personal capacity. [Cases: Corporations
1. C.J.S. Corporations ¡ì¡ì 2, 4.]
2. Ownership of such a business. ¡ª Also termed individual proprietorship.
What is the legal equivalent of the term SOLE PROPRIETORSHIP in Chinese?
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