USA HISTORY

Detailed explanation-1: -the person or organization whose name appears on the official records of the Land Registry as the owner of particular land or property: The claimant was the registered proprietor of the disputed land.

Detailed explanation-2: -The word ‘proprietor’ originates from the term ‘sole proprietor’. A sole proprietor is a person who has legal and financial backings to own a business. A proprietor and an owner have striking similarities which give business owners the liberty to choose between the two titles.

Detailed explanation-3: -A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.

Detailed explanation-4: -The business owner, also known as a proprietor or a trader, conducts business using their legal name. They may also choose to do business using another name by registering a trade name with their local authority. This type of business is the easiest and cheapest form to start.

Detailed explanation-5: -In a Sole Proprietorship, the single founder possesses all the authority in respect of his business. A sole proprietorship is not a separate legal entity, and all its assets and liabilities are deemed to be assets and liabilities of the proprietor.