Question

what are types of small businesses. explain​

Answer 1

Explanation:

Small businesses are either services or retail operations like grocery stores, medical stores, tradespeople, bakeries and small manufacturing units. Small businesses are independently owned organisations that require less capital and less workforce and less or no machinery.

Answer 2

Explanation:

These business structures define many things about your business, including how ownership, finances, liabilities, and taxes are all managed.

• Partnership.

• Corporation.

• Sole proprietorship.

• Limited Liability Corporation (LLC)

• S-corporation.

• Cooperative.