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Business. Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services ). [need quotation to verify] Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership,...What are the four types of businesses?
There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law.