USA HISTORY

Detailed explanation-1: -The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.

Detailed explanation-2: -proprietor. noun. pro·pri·e·tor prə-ˈprī-ə-tər. : one who has legal right or exclusive title to something : owner.

Detailed explanation-3: -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-4: -Proprietor refers to an owner, i.e. someone who has legal and exclusive ownership of something. In particular, it refers to the owner of a sole proprietorship, in which case it is also called sole proprietor.

Detailed explanation-5: -The business owner, also known as a proprietor or a trader, conducts business using their legal name.