Proprietorship (noun)

Ownership of a business or property as a sole proprietor.

Origin:

Derived from the noun 'proprietor', which comes from the latin word 'proprietarius', meaning 'one who has a right to something'.

Examples:

1. She was proud of her proprietorship, which she had built up from scratch over the years.
2. The proprietorship allowed him to have full control over the business and make all the decisions himself.
3. The advantages of proprietorship include the ability to keep all the profits and the ease of making decisions.
4. He was eager to take advantage of the tax benefits of proprietorship and start his own business.
5. Her proprietorship was a small, family-run business that had been passed down through the generations.