The Individual Business – Understanding the Different Types of Businesses

There’s never a shortage of information and resources available, whether you are just beginning your journey or attempting to introduce new products or services to the market. Understanding the different types and structures of businesses is crucial to your success. One kind of business that is extremely common is the private company, which could range from sole proprietorships to sole-owner LLCs. These types of companies are typically not registered with the state or federal government, however they may require specific licenses and permits depending on the type of business and region.

Check out this success story from our San Diego & Imperial Valley Small Business Development Center featuring Diana Tapiz of Tres Fuegos Cocina, an Mexican and Japanese Fusion restaurant.

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