A business that is an individual one is a company that is owned by one person. It’s different from a multi-owner business structure, like an LLC or partnership, which is also a type of business but more structured and taxed differently.
Individual businesses are not required to register with the federal authorities, but they may require an DBA or other licenses and permits. They’re not subject to the same tax regulations as corporations, and are subject to no liability, which means any lawsuit brought against an individual business could cost the company everything.
This article explores a largely unexplored hop over to here type of business model: the business model that is individual. Based on a comprehensive longitudinal study of the inductive case study of chef and gastronomic innovator Ferran Adria, it pinpoints the triggers, mechanisms and shifts in his evolving individual business model.
