What are the 4 basic types of business?
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The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.
The four basic types of businesses are sole proprietorship, partnership, corporation, and limited liability company (LLC). Each type has its own characteristics and legal implications. Would you like more information about any specific type?