A self-employed owner of an unincorporated business (called a proprietorship), or an owner of real estate. In the case of a proprietorship, the owner does not enjoy limited liability. All the assets and liabilities of the firm accrue to the proprietor.

Use proprietor in a sentence

You may find yourself being the sole proprietor on a job and all of the risk and reward is on your shoulders.

​ Was this Helpful? YES  NO 11 people found this helpful.

Jim used to be the sole owner and proprietor of a liquor store, but the city council stripped him of his license because he sold alcohol to minors.

​ Was this Helpful? YES  NO 3 people found this helpful.

As the proprietor of his own small restaurant Ricky enjoyed the freedom of being his own boss and not having to deal with the issues of a large corporate restaurant.

​ Was this Helpful? YES  NO 4 people found this helpful.

Show more usage examples...

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
proprietary trading independent trader