The Individual Business – Understanding the Different Types of Businesses

If you’re trying to bring a new product or service to market, or just starting out in your business venture, there is plenty of information and resources. It’s important to understand the various kinds of businesses and the way they are organized to ensure you’re a success. Individual businesses are extremely common. They may range from sole proprietorships up to single-owner LLCs. These businesses are not registered with the federal or state governments, but may require specific licenses or permits based on the industry.

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

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