What are the types of informal business?

1. Sole proprietorship: A business owned and operated by one individual.

2. Partnership: A business owned and operated by two or more individuals who share profits and losses.

3. Limited liability company (LLC): A business structure that combines the flexibility and tax benefits of a partnership with the limited liability protection of a corporation.

4. Freelancing: Offering services or skills on a contract basis to clients.

5. Online selling: Selling products or services through online platforms such as Etsy, eBay, or Amazon.

6. Consulting: Providing expert advice or guidance to businesses or individuals.

7. Home-based business: Operating a business from one's home, such as a daycare, catering service, or online store.

8. Network marketing: Selling products or services through a network of distributors or salespeople.

9. Event planning: Organizing and coordinating events such as weddings, parties, or corporate functions.

10. Dropshipping: Selling products online without holding inventory, as the supplier ships products directly to the customer.