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| 单词 | sole proprietorship |
| 释义 | sole proprietorshipnoun plural sole proprietorships : a business practice consisting of a single owner The wife's business is not a partnership but a sole proprietorship. It belongs to her, not the couple. Each business organization is structured in one of three ways: (1) as a sole proprietorship, (2) as a partnership, or (3) as a corporation. A sole proprietorship is owned and operated by one individual. The owner reaps all profits and is responsible for all the debts of the business. |
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