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proprietorship
 

Definitions from WordNet

Noun proprietorship has 1 sense
  1. proprietorship, proprietary - an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
    --1 is a kind of ownership

Definitions from the Web

Proprietorship

Noun:

  1. Ownership or possession of a business or property.
  2. A business owned and managed by one individual.

Example sentences:

  1. He gained proprietorship of the company after his father's retirement.
  2. The small shop functions as a proprietorship, with the owner personally handling all operations.

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