Ownership that is vested in a single person or party. … [Read more...] about SOLE POSSESSION
S
SOJOURNING
This term means something more than "traveling," and applies to a temporary, as contradistinguished from a permanent residence. Henry v. Ball, 1 Wheat 5, 4 L. Ed. 21. … [Read more...] about SOJOURNING
SOLE PROPRIETOR
A business owner with no partners. An informal business organization which has unlimited personal liability. … [Read more...] about SOLE PROPRIETOR
SOKEMANRIES
Lands and tenements which were not held by knight-service, nor by grand serjeanty, nor by petit but by simple services; being, as it were, lands enfranchised by the king or his predecessors from their ancient demesne. Their tenants were sokemans. Wharton. … [Read more...] about SOKEMANRIES
SOLE PROPRIETORSHIP
An informal business recognized by the law and is owned and managed by one person. For tax purposes, a husband and wife qualify as a sole proprietorship and for federal tax reporting, the business files taxes as part of the taxpayer's personal tax return. There are no legal formalities to set up a sole proprietorship although there still are requirements for tax registration … [Read more...] about SOLE PROPRIETORSHIP