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Sole Proprietorship is when someone who owns an unincorporated business by himself.
Advantage: All the money you make is yours and  its very flexible work hours
Disadvantage: liable for the business and

building the fiance would be more difficult
Example: Mcdonalds

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A partnership business is ran by two or more people.
Advantages:start up cost is low and more capital available
Disadvantage: higher taxes and spitting profits between your partner
Example:Red bull and GoPro

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An LLC is a type of business structure that provides limits liability.
Advantages: limited personally liability and easy to form
Disadvantage: The creation of a centralized management structure and higher taxes
Example: Apple

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C Corporation is an independent legal entity owned by its shareholders
Advantages: Great for equity financing and attractive to investors and can have unlimited number of owners
Disadvantages: Expensive to start and the taxes are high
Example: walmart

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Is an corporations that is taxed on flow through basis
Advantages: limited liability protection and once a year tax filing
Disadvantages: only 100 shareholders and only one class stock
Example: XYZ INC

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A non-profit business is not in business to make a profit
Advantages:can receive government grants and makes a different  helps many people
Disadvantages: risk of not making money and social pressure
example: red cross