The Individual Business – Understanding the Different Types of Businesses

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There’s never a shortage of information and resources, whether you are just starting out or attempting to introduce an innovative product or service to the market. Understanding the various kinds and structures of business is essential to achieving success. One type of business that’s very common is the individual business, which ranges from sole proprietorships to single-owner LLCs. These companies aren’t registered with the federal or state government, but might require certain licenses and permits based on the industry.

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