The Individual Business – Understanding the Different Types of Businesses

If you’re looking to introduce a new product or service to market, or just starting out in your business venture, there’s plenty of information and resources. Understanding the various types and structures of businesses is crucial to your success. Individual businesses are quite popular. They may range from sole proprietorships up to single-owner LLCs. These kinds of businesses are generally not registered with the federal or state government, however they may require specific permits and licenses according to the industry and location.

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