The Individual Business – Understanding the Different Types of Businesses

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There’s no shortage of information and resources no matter if you’re just starting out or attempting to introduce new products or services to the market. It’s important to understand the various types of businesses and how they’re structured to ensure that you are successful. Individual businesses are quite common. They vary from sole proprietorships to single-owner LLCs. These types of businesses are usually not registered with the state or federal government, but 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, a Mexican and Japanese Fusion restaurant.