There’s never a shortage of resources and information no matter if you’re just starting out or trying to introduce an innovative product or service to the market. It’s important to understand the different types of business and the way they are organized to ensure you’re a success. One kind of business that is extremely common is the private business, which can range from sole proprietorships to single-owner LLCs. They are not registered with the federal or state government but might require certain licenses and permits based on their industry.
Diana Tapiz, owner of Tres Fuegos which is a Mexican-Japanese fusion restaurant featured in this successful story.