Business Pitch Dictionary by pitch.dog
Company forms & group structures · Core

Sole proprietorship

Also called: sole trader, sole proprietorship business

ELI5

A business owned by one individual without a separate incorporated entity.

Used in conversation

“How are we defining sole proprietorship in this deck?”

Pitch context

You will see “Sole proprietorship” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches company forms & group structures.

Why it matters: In company forms & group structures, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.