”Live and License” is not a valid business structure. Standard business forms, such as Sole Proprietorship, Partnership, and Private Limited Company, have defined legal frameworks and consequences.
| List I | List II |
| (A) Manager | (1) Value addition |
| (B) Retailer | (II) Gets the work done |
| (C) Entrepreneur | (III) Works on existing business model |
| (D) Business Man | (IV) Calculate risk taking |