Definition

The condition of owning a business or property, where one has full control and rights over it.

Example

She started her own business and registered it as a sole proprietorship.

Conversation

Have you ever thought about starting your own business and taking on a proprietorship?

I’ve considered it, but I’m not sure if I’m ready for that kind of responsibility.

Yeah, it can be a big step, but owning a proprietorship has its perks too.

True, I guess it would be rewarding to build something from the ground up.

Synonyms & Antonyms

Root Explanation

Proprietorship → It is formed from "proprius" (meaning one's own) and "-ship" (meaning the state or condition of). The word "proprietorship" refers to the state of owning something, indicating ownership or possession.

Memory Tip

Think of 'one's own' ('proprius') to remember that 'proprietorship' means the state of owning something.

Visually Confused Words