The Individual Business – Understanding the Different Types of Businesses

If you’re trying to introduce a new product or service to market, or just beginning your business venture, there is no shortage of information and resources. It’s important to understand the different types of businesses and how they’re structured to ensure you’re successful. Individual businesses are extremely common. They vary from sole proprietorships up to single-owner LLCs. These types of companies are typically not registered with the federal or state government, but may require specific permits and licenses depending on the industry and location.

Diana Tapiz, owner of Tres Fuegos Tres Fuegos, a Mexican-Japanese fusion restaurant featured in this successful story.

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