| 单词 | proprietorship |
| 释义 | proprietorshipDefinitions 1. Type of business organization where one person or a family owns the firm. See also sole proprietorship. 2. Another name for owners' equity (Assets - Liabilities). Use 'proprietorship' in a SentenceFor decades, the corporation had belonged to the Lockwood family and their sole proprietorship was not expected to change anytime soon. When working under a proprietorship you must make sure to stay on the boss's good side because he wields all the power. When there is sole proprietorship in a company that means everyone must keep the big boss happy or they may be gone. |
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