The option of which business structure to utilize demands seriously considered your sort of business and that that you simply would like it to check like. Hybrid businesses are businesses that could be categorized in over 1 type of business. Due to the character of intellectual property, a company needs protection in every jurisdiction where they're concerned with competitors. Starting a company could be costly and complex centered on what sort of business you start. You're one that runs your small company and nobody else can inform you what direction to go or how you can do it. A small company, like your friendly sari-sari shop, is way better off as a sole proprietorship, although it might also be converted to some other sort of business in the case the conditions require that shift.