Question

BUSINESS IS ESSENTIAL TO THE WORKING OF A MODERN SOCIETY. BRIEFLY DESCRIBE THE PRODUCTS AND CHARACTERISTICS OF AT-LEAST 10 DIFFERENT TYPES OF BUSINESSES WHICH YOU HAVE SEEN IN YOUR TOWN.

Answer 1

Explanation:

There are different types of businesses to choose from when forming a company, each with its own legal structure and rules. Typically, there are four main types of businesses: Sole Proprietorships, Partnerships, Limited Liability Companies (LLC), and Corporations. Before creating a business, entrepreneurs should carefully consider which type of business structure is best suited to their enterprise.

• This article will provide a quick overview of these four basic types of businesses to help entrepreneurs make one of their most important decisions.