Proprietor is another word for owner. It means to have possession or ownership of something. Commonly used with Sole Proprietorship, which is the simplest form of business where one person owns the whole business. In the USA, as there is no distinction between the business entity and the owner, so there is no separation of taxable income. One of the main advantages of a sole proprietorship is that the owner has complete control over the business, there are no third parties in decision making.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: