1. Sole Proprietorship

It is a type of business in which an individual owns a business. All the responsibility of the business lies with that one owner.

2. General Partnership

partnership is a type of business structure in which two or more individuals manage and operate business. In this business type there are always two or more owners of a business. 

3. Limited Liability Partnership

Limited liability partnership (LLP) is a type of business structure in which the liability of some partners or all partners is limited. No partner is liable for liability or debts created by another partner. 

4. Private Limited Company

 Private Limited Company is a separate legal entity registered under the company act, 2013. You can have a minimum 2 members and maximum 200 members in your Private Limited Company.  

5. Public Limited Company

No one person owns public limited companies. The shareholders of the company are the real owners of the company. The general public can also purchase shares of these public limited companies.

6. Hindu Undivided Family

This type of business is found only in India. This type of business is governed by Hindu Law. This Business is started and operated by Memebers of Undivided Hindu Family.

7. Co-operative Society

In this type of business, people come together for the same benefits and the same objectives and start this type of business.

8. One Person Company

If you want to start a business on your own, this is another type of business that you can consider. In this the business owner is not personally responsible for the business debt and losses.