Types of businesses are Sole Proprietorship, Partnership, Corporation, Franchise, and Non-Profit
A sole proprietorship is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. An example would be a local corner store.
A partnership is a legal form of business operation between two or more individuals who share management and profits. An example is ford.
A corporation a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. For example, Microsoft.
A franchise an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities. An example is McDonalds.
A nonprofit organization is dedicated to furthering a particular social cause or advocating for a shared point of view. An example is Red Cross