And firms come into existence because a lot of people who trust one another operating within a firm are more efficient than they would be if they were a bunch of independent proprietors.
This means the proprietor receives all the profits, but must also pay all the debts of the business.Also, any legal action against an individual proprietorship is taken against the owner.
Then others who were just moving some of this value around but it was useful, it was necessary, these were the merchants; they were called the " proprietors."
Tom threw on both brakes impatiently and we slid to an abrupt dusty stop under Wilson's sign. After a moment the proprietor emerged from the interior of his establishment and gazed hollow-eyed at the car.
Still, it's another credit. Frank signs the acceptance form (loving that line beneath the blank for his signature almost to death—PROPRIETOR OF THE WORK, by God! ) and sends it back the following day.
In 1912 America's Supreme Court ruled that a coalition of 14 railroad proprietors had used their joint ownership of a bridge across the Mississippi river, near the St Louis terminal, to unlawfully stifle competition.
I started to pick the places based off of this idea of hardworking mom-and-pop families trying to make a go of something, says Fieri, whose efforts are more than appreciated by the proprietors.
One of the largest stalls bore the name of Breckinridge upon it, and the proprietor, a horsy-looking man, with a sharp face and trim side-whiskers, was helping a boy to put up the shutters.
Likewise, I have heard that in the museum of Manchester, in New Hampshire, they have what the proprietors call " the only perfect specimen of a Greenland or River Whale in the United States."
“Irish International Side's just put in an order for seven of these beauties! ” the proprietor of the shop told the crowd. “And they're favorites for the World Cup! ”
The neighbouring cafes were full. They caught sight of one on the harbour, a very indifferent restaurant, whose proprietor showed them to a little room on the fourth floor.
And as reports of the newly dubbed Przewalski's Horse circulated through Europe and America, zoo proprietors became eager to acquire the previously unknown species.