The choice which business structure to make use of demands seriously considered your type of business and that which you would really like it to check like. Hybrid businesses are businesses that may be categorized in over 1 type of business. Due to the character of intellectual property, a business needs protection in every jurisdiction where they're concerned with competitors. Starting a company may be costly and complex centered on what sort of business you start. You're the one which runs your small company and nobody else can inform you what to do 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 may also be converted to a different kind of business in case the conditions require that shift.