The Individual Business – Understanding the Different Types of Businesses

There’s never a shortage of information and resources for those who are just starting out or trying to introduce an innovative product or service to the market. It’s important to understand the various kinds of businesses and how they’re structured to ensure that you are successful. Individual businesses are quite common. They may range from sole proprietorships up to single-owner LLCs. These kinds of businesses are usually not registered with the federal or state government, however they may require specific permits and licenses depending on the industry and the location.

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

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