what is the most common type of business structure
5 Common Business Structures 1. Sole Proprietorship. A sole proprietorship is the most basic â and easiest â type of business to establish. Thereâs no distinction between the business and you, the owner.
5 Common Business Organizational Structures 1. Matrix Organizational Structure. A matrix structure provides for reporting levels both horizontally as well as vertically. Employees may be part of a functional group (i.e. engineer) but may serve on a team that supports new product development (i.e. new album).