MLchartDataset catalogue

Proprietorship

Term · Law · MLC-T-LAW-003980

A form of business organization where an individual owns and operates the business, assuming all profits and liabilities. It is the simplest and most common business structure, requiring minimal legal formalities to establish. The business and the owner are considered a single legal entity for tax and liability purposes.

Table 1. Record
IdentifierMLC-T-LAW-003980
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003980",
  "term": "Proprietorship",
  "field": "Law",
  "definition": "A form of business organization where an individual owns and operates the business, assuming all profits and liabilities. It is the simplest and most common business structure, requiring minimal legal formalities to establish. The business and the owner are considered a single legal entity for tax and liability purposes.",
  "url": "https://mlchart.com/terminology/law/proprietorship/"
}

Record 4,026 of 5,441 in Law terminology (MLC-0107). Request the full dataset.