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Proprietorship
PROPRIETORSHIP

Definition: The state or right of owning a business.
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* All eight or nine elements, as applicable, should be in.


1. Registration as a legal entity is possessed.

2. Purposeful and necessary, for proprietor(s).

3. Ownership structure specific and identifiable.

4. Involvement or participation will be apparent.

5. Authority and control being fully exercised.

6. Responsibilities attached, not being shirked.

7. Continuing or lasting as long as affordable.

8. Achieving objective(s) or serving purpose(s).

9. Fulfilling legal obligations - to the taxman - performing corporate social responsibility, etc.
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DOING. TRYING. ASKING. MAKING. WORKING. DECIDING. CHOOSING. KNOWING. QUIZZING. HANDLING. TREATING. CHECKING. INVESTING. DISINVESTING. REPORTING. MANAGING. LEARNING. EXPLAINING. BENEFITING. SURVIVING. ACCOUNTING.


Quotable quote: "The employer generally gets the employees he deserves". - Paul J.Getty.

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