Starting your own business can be a scary prospect. It means committing to long hours, ending your days of calling the shots and putting your own money on the line. However, it can also be an extremely rewarding experience. Starting your own business will give you a sense of freedom like no other job or career can. Once you get over the initial fear and learn what it takes to start a business, the world of opportunities opens up before you. A company can operate as a sole proprietorship, partnership, corporation or limited liability company (LLC). The type of organization that best suits your needs will depend on many factors such as how many partners/owners you have, how much money you need to invest upfront, and whether you plan to hire employees in the future.