The Individual Business – Understanding the Different Types of Businesses

There is no shortage of information or resources regardless of whether you are just starting out or trying to introduce an innovative product or service to the market. Understanding the different kinds and structures of business is essential to achieving success. Individual businesses are quite common. They vary from sole proprietorships, all the way up to single-owner LLCs. These companies aren’t registered with the federal or state government but may require specific licenses and permits based on their industry.

Diana Tapiz, owner of Tres Fuegos, a Mexican-Japanese Fusion restaurant, is featured in this success story.

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