This report discusses the three types of business enterprises, namely sole proprietorship, partnership, and company. It also explains the two forms of share capital and long-term debt. Sole proprietorship is a business run by a single owner, while partnership is run by two or more people. Companies are legal entities representing an association of people. Share capital refers to the process of raising money by issuing common or preferred stock, while long-term debt refers to obligations that have to be paid within 12 months. The report concludes that businesses engage in commercial activities to earn revenue and achieve organizational goals.