The option that business structure to utilize demands seriously considered your kind of business and that which you want it to check like. Hybrid businesses are businesses that may be categorized in over 1 sort of business. Because of the character of intellectual property, a business needs protection in most jurisdiction where they're worried about competitors. Starting a business could be costly and complex centered on what type of business you start. You're one that runs your small company and nobody else can inform you what to do or the best way to do it. A small company, like your friendly sari-sari shop, is way better off as a sole proprietorship, even though it may also be converted to another kind of business in the event the conditions require that shift.