Lately, I was thinking of starting your own business. Before I start my own business, I should  familiarize myself with the different categories my business may fall into. I need to be well prepared for it because I can not just start it without any other considerations. I need to define your business categories for several purposes, mainly for filling forms with local and national government offices, for bank financing, and to obtain government assistance for my business. In the Conduct of entrepreneur’s business, there are three types of business whose differences are primarily based on the liabilities assumed by business owner: sole or individual proprietorship, partnership or corporation. Whichever I belong to, I hope my business flourish with the kind of management I ought to have. I can’t wait to manage my own business.