The Individual Business – Understanding the Different Types of Businesses

There is no shortage of information and resources available, whether you are just starting out or attempting to introduce an innovative product or service to the market. It is crucial to be aware of the various types of businesses and the way they are organized to ensure that you are successful. Individual businesses are quite common. They can range from sole proprietorships to single-owner LLCs. They are not registered with the federal or state government, but might require certain licenses and permits based on the industry.

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

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