A business that is an individual one is a company that is controlled by one individual. It’s different from a multiple-owner business structure, like an LLC or partnership which is also an entity, but more structured and taxed in a different way.

Individual businesses generally don’t have to be registered with the federal government, though they may need an DBA (doing business under the name of) and any necessary permits or licenses. They aren’t subject to the corporate tax rules, and they have unlimited liability. A lawsuit against a single company could result in a loss of everything.

This article looks at a particular type of business model that has been under-explored – the individual business. Based on a comprehensive longitudinal study of the inductive case study of chef and gastronomic pioneer Ferran Adria, this article identifies triggers, mechanisms, and modifications in https://kauai-realtor.com/how-to-find-the-best-place-to-learn-about-data-rooms-for-real-estate-professionals/ his own evolving business model.