Proprietors are individuals or entities that own a business or property. They have the legal rights to manage and control the operations, making decisions about how the business is run. This ownership can apply to various types of businesses, from small shops to large corporations. In many cases, proprietors are responsible for the financial success of their ventures. They may invest their own money, hire employees, and handle day-to-day operations. The term is often associated with sole proprietorships, where one person owns and operates the business, but it can also refer to partners in a partnership or shareholders in a corporation.