Answer:
Businesses pay a significant portion of all taxes in the United States, including income tax, property tax and employment tax. Having more businesses in the local economy can boost tax income for local governments, bringing in more money to repair roads, develop schools and improve public services.
Most popular business types
1.Sole Proprietorship. Sole proprietorships are the most common type of online business due to their simplicity and how easy they are to create
2. Partnerships. Two heads are better than one, right?
Limited Partnership.
3. Corporation.
4. Limited Liability Company (LLC)
5. Nonprofit Organization.
6. Cooperative.
