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What are the different types of business structures?

Typically, there are four main types of businesses: Sole Proprietorships, Partnerships, Limited Liability Companies (LLC), and Corporations. Before creating a business, entrepreneurs should carefully consider which type of business structure is best suited to their enterprise.

What is a business type?

A business type is a company's legal structure. Most businesses are one of the following: Types of Businesses: What Are They? Also known as a business form, a business type determines a company's internal organization, types of officers, legal organization, tax strategy potential for shareholders, and level of personal liability.

What are the different types of businesses?

What are the Types of Businesses? There are different types of businesses to choose from when forming a company, each with its own legal structure and rules. Typically, there are four main types of businesses: Sole Proprietorships, Partnerships, Limited Liability Companies (LLC), and Corporations.

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