Establishment types refer to the various categories of businesses or organizations based on their structure, purpose, and operations. Common types include sole proprietorships, partnerships, corporations, and non-profits. Each type has distinct legal and financial implications, affecting how they are managed and taxed. For example, a sole proprietorship is owned by one individual, while a corporation is a separate legal entity owned by shareholders. In addition to these basic categories, establishments can also be classified by their industry, such as retail, hospitality, or manufacturing. This classification helps in understanding the market dynamics and regulatory requirements specific to each sector. For instance, a restaurant falls under the hospitality industry, while a factory is part of manufacturing.