Top cities to visit in for g., in purchasing or marketing consortia). Two constitutive decisions are the legal form in which a business shall be run and the sources of funding. Most small businesses are sole proprietorships, partnerships, or limited-liability companies. Opportunities for starting a business are often afforded by franchising and licensing. Traditional sources of funding are personal savings, loans from family or friends, small business loans from the SBA or state offices of economic development, and collateralized bank loans. Modern forms of funding include VENTURE CAPITAL, whether in the form of business angels (private investors of smaller amounts of equity capital) or of investment banks. Top cities to visit in 2016.