sole proprietorship; wholly-owned
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesadjective
wholly-owned; sole proprietorship; single-investor
formalA financial/legal term describing a business entity funded entirely by a single individual or party. Contrasts with joint venture or partnership.
Zhè这
shì是
yī一
jiā家
dú独
zī资
jīng经
yíng营
de的
wài外
mào贸
gōng公
sī司
。
This is a wholly-owned foreign trade company.
Tā他
yòng用
zì自
jǐ己
de的
jī积
xù蓄
chuàng创
bàn办
le了
yī一
jiā家
dú独
zī资
qǐ企
yè业
。
He used his own savings to start a sole proprietorship.
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Fǎ法
lǜ律
guī规
dìng定
le了
dú独
zī资
qǐ企
yè业
de的
nà纳
shuì税
yì义
wù务
。
The law specifies the tax obligations for sole proprietorships.
Xiāng相
bǐ比
yú于
hé合
huǒ伙
qǐ企
yè业
，
dú独
zī资
qǐ企
yè业
de的
jué决
cè策
guò过
chéng程
gèng更
jiǎn简
dān单
。
Compared to partnerships, decision-making in sole proprietorships is simpler.