key features

What are the Types of Businesses?

There are several types of businesses, including:
Sole Proprietorship: A business owned and operated by a single individual.
Partnership: A business owned by two or more individuals who share profits and responsibilities.
Corporation: A legal entity separate from its owners, providing limited liability protection.
Limited Liability Company (LLC): A hybrid structure that offers the limited liability features of a corporation and the tax efficiencies of a partnership.

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