A business that is an individual one is a type of business owned by one person. It’s distinct from a multiple-owner business structure, like an LLC or partnership that is a form of business, but more structured and taxed in a different way.
Individual businesses aren’t required to be registered with the federal government. However, they may need an DBA (doing business under the name of) as well as any required permits or licenses. They aren’t governed by the corporate tax rules and have unlimited liability. A lawsuit against an individual company could cost them everything.
This article https://kauai-realtor.com/technical-writing-and-technical-disciplines/ examines a specific type of business model that isn’t being explored – the individual business. Based on an inductive study of the longitudinal nature of chef and pioneer of gastronomy Ferran Adria’s ever-changing personal business model, this article pinpoints triggers and mechanisms.