1. There is no need for too much of government intervention in case of a sole proprietorship. There can be business controlled by the single individual managing and owning the business. There will be availability of flexibility to the individual managing the business. The profits earned by the organization will be completely available for utilization by the owner in his or her own way. Profits of the organization can be distributed in a discretionary manner by the owner. There can be maintenance of secrecy of the organizational and business aspects by the owner. There can be convenience of forming the organization because of not requiring to do too many formalities by the owner. The costs incurred for forming such an organization will be low. 2. There can be general partnership in which business liabilities have to be shared by the partners. In this type of partnership, management plans, operations and activities will also have to be shared by every partner. There can also be limited partnership in which unlimited liability has to be assumed by a specific partner. This partner will be considered to be the general partner. Apart from this partner, there will also be another partner who will be considered to be the partnership’s limited partner. This is because the liability of this partner in case of this type of partnership will be limited. Therefore, such a partner will not be able to do too much of investment because of the limitation of liability. 3. There can be domestic corporations in which the location of operations is in the state of origin. This can be any local company. There can be foreign corporation in which business can be done in states different from its state of origin. An example can be Whoopee Widget Corporation (https://legal-dictionary.thefreedictionary.com/foreign+corporation). There can be alien corporation in which business is done in a different country away from the country of origin of the corporation. An example can be Toyota. There can be private corporation in which business management activities can be done by a single individual or more than a single individual. All the stock of such a corporation is available exclusively to the employees of the corporation. An example can be Deloitte There can be public corporation in which all the stock can be available to the public to purchase and do trading of. An example can be Nike. There can be Quasi-Public corporation in which the operations can be done by the federal government by being the owner. Such a corporation can also have the state government of the area of operations or the local government of the area of operations as the owner to conduct business operations. Citizens can be benefitted by such a corporation because of the type of service provided. An example can be NASA. There can be nonprofit