Whether you are trying to bring an innovative product or service to market, or just starting out in your business venture, you will find plenty of information and resources. Understanding the various types and structures of businesses is crucial to your success. One kind of business that is extremely common is the private company, which could range from sole proprietorships to sole-owner LLCs. These types of companies are typically not registered with the federal or state government, but may require permits and licenses depending on the industry and location.

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