A business that is an individual one is a business that’s controlled by one individual. It is different from a business with several owners, such as an LLC or partnership, which is a similar kind of business, however it’s structured and taxed in a different manner.
Individual businesses typically don’t have to register with the federal government, but they may need a DBA (doing business as) and any necessary licenses or permits. They’re not subject to the same tax regulations as corporations, and are subject to no potential for liability, which means that any lawsuit brought against an individual business could cost the company everything.
This article focuses on a kind of business model that isn’t being explored – the business model that is individual. Based on a comprehensive longitudinal inductive study of chef and gastronomic pioneer Ferran Adria, this https://kauai-realtor.com/make-ma-deals-easier-with-electronic-data-rooms-tools article identifies the triggers, mechanisms and shifts in his own evolving business model.