The Individual Business – Understanding the Different Types of Businesses

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There’s never a shortage of information and resources no matter if you’re just beginning your journey or trying to introduce new products or services to the market. Understanding the different types and structures of businesses is essential to the success of your venture. One type of business that’s most common is the individual business, which ranges from sole proprietorships to single-owner LLCs. They are not registered with the federal or state government but may require specific licenses and permits depending on the type of business.

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

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