Q: There is four basic forms of business organization? 1.Sole Proprietorships:........... 2.Partnerships (general and limited):... 3. A limited liability company (LLC):... 4. A limited liability partnership (LLP) : Q: There is four basic forms of business organization? 1.Sole Proprietorships:........... 2.Partnerships (general and limited):... 3. A limited liability company (LLC):... 4. A limited liability partnership (LLP)