https://kauai-realtor.com/generated-post/

A business that is an individual one is a type of business run by a single person. It’s different from a multi-owner business structure, like an LLC or partnership that is a type of business, but more structured and taxed differently.

Individual businesses aren’t required to register with the federal authorities, but they may require a DBA or other licenses and permits. They’re not subject to the same tax laws as corporations and are not subject to unlimited potential for liability, which means that a lawsuit filed against an individual business could cost them everything.

This article examines an under-explored kind of business model – the individual business model. Based on a detailed longitudinal study of the inductive case study of chef and gastronomic innovator Ferran Adria, it identifies triggers, mechanisms, and modifications in his own evolving business model.