Business Plan Tutorial: Types of Business Ownership. Sole Proprietorship. A business owned and operated by a single individual and the most common form of business structure in the United States. Partnership. A business that is owned and operated by two or more people and the least used form of business .
Though you may have heard about a number of different types of ownership when researching business options, there are only four primary types that you'll likely have to consider: sole proprietorship's , partnerships, limited liability companies and corporations.
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