The option of which 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 could be categorized in more than 1 kind of business. Due to the character of intellectual property, a business needs protection in every jurisdiction where they're concerned about competitors. Starting a company may be costly and complex based on what type of business you start. You're one that runs your small company and nobody else can tell you what to do or how you can do it. A tiny company, like your friendly sari-sari shop, is way better off as a sole proprietorship, although it might also be converted to some other kind of business in case the conditions require that shift.