What are the main types of companies/entities?

The main types of business entities include:

1. Sole Proprietorship: Owned and operated by one individual, with no legal distinction between the owner and the business.
2. Partnership: A business owned by two or more people, where profits and liabilities are shared.
3. Corporation: A separate legal entity, offering limited liability protection to owners (shareholders).
4. Limited Liability Company (LLC): Combines the limited liability of a corporation with the tax benefits of a partnership.
5. Non-Profit Corporation: Formed for charitable, educational, or other non-commercial purposes.

Each type offers different benefits depending on your business goals.