A business is defined generally as an unincorporated company or business, registered under the Companies Act of Australia or a corresponding law. A business can be either sole proprietorships, partnership enterprises, joint-venture enterprises, syndicates, trusts, corporations, LLCs, and unincorporated persons. The most common types of businesses are retail businesses, professional service providers, property developers, financial institutions, multinationals, manufacturing and construction companies, retailing companies, merchandisers, administrative and secretarial services, and other businesses.
There are many businesses that are involved in trade with other businesses. Some examples include distributors, manufacturers, suppliers, and government sellers. There are also many businesses that engage in direct sales through stores, galleries, websites, and other media. Some of the most common forms of direct sales include franchisees, partnerships, and licensing arrangements. Franchisees allow one business to act as a primary dealer in a given field and licenses others to do the same in return for a percentage of the sales.
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The formation of a business structure depends on the nature and number of the goods to be sold. The most common example of this is that all raw materials are sold singly, while all finished goods are usually sold singly. Some business structures allow for some trading of one type of good with another, for instance, selling different kinds of machinery parts. However, the most common use of a separate legal entity for such purposes is selling and marketing goods, with the separate legal entity then becoming the purchaser of the goods once they have been purchased.