Paris's Business - Types of Businesses & Why are Businesses Important

The types of Businesses:

Sole Trader is the simplest form of business structure and is relatively easy and inexpensive to set up.

As a Sole Trader, you will be legally responsible for all aspects of the business.

A partnership is a state of being a partner or partners

Private  Limited Company is a type of privately held small business entity,

in which owner liability is limited to their shares, the firm is limited to having 50 or fewer shareholders,

and shares are prohibited from being publicly traded.

Why Businesses are important?

Businesses can provide new brands, new foods, and even new transportations.

Businesses can give other people opportunities to put their skills to useful work.

They provide social services and provide social help.