The Individual Business – Understanding the Different Types of Businesses

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If you’re looking to introduce a new product or service to market or just beginning your business, there is no shortage of information and resources. It is crucial to be aware of the different types of business and the way they are organized to ensure you’re a success. One type of business that’s most common is the individual company, which can range from sole proprietorships to sole-owner LLCs. These kinds of businesses are generally not registered with the federal or state government, however they may require specific permits and licenses depending on the industry and region.

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