There are several common business structures that companies can choose from when they are starting or organizing their business. These structures include:

1. Sole proprietorship: This is a business owned and operated by a single individual. The owner is personally responsible for all aspects of the business, including debts and liabilities.
2. Partnership: This is a business owned and operated by two or more individuals who share the profits and losses of the business. Partnerships can be either general partnerships, where all partners are responsible for managing the business, or limited partnerships, where some partners are only responsible for providing capital.
3. Corporation: A corporation is a business that is legally separate from its owners. The owners of a corporation, called shareholders, elect a board of directors to manage the business and make decisions on behalf of the corporation.
4. Limited liability company (LLC): An LLC is a hybrid business structure that combines elements of a partnership and a corporation. Owners, called members, have limited personal liability for the debts and obligations of the business.
5. Nonprofit organization: A nonprofit organization is a business that is organized for the purpose of serving a public or charitable cause and does not operate for the purpose of making a profit. Nonprofit organizations can be structured as a corporation, trust, or association.

Each business structure has its own advantages and disadvantages, and the best structure for a particular business will depend on the specific needs and goals of the business. It is important to carefully consider the pros and cons of each structure and seek the advice of a lawyer or accountant before deciding on a business structure.

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