The Individual Business – Understanding the Different Types of Businesses

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It doesn’t matter if you’re trying to introduce an innovative product or service to market, or just starting out in your business, there is no shortage of information and resources. It is important to know the different types of businesses and how they’re structured so that you can make a success. One type of business that is quite common is the single business, which can range from sole proprietorships to single-owner LLCs. These types of businesses are typically not registered with the state or federal government, however they may require specific permits and licenses according to the industry and location.

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