A business that is an individual one is a business that is owned by one person. It’s different from a business structure with multiple owners, for example a LLC or partnership, which is a similar type of business but structured and taxed in a different way.

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

This article focuses on a kind of business model that has been under-explored – the business model that is individual. Based on a longitudinal inductive study of the chef and gourmet pioneer Ferran Adria’s ever-changing personal business model, this article pinpoints triggers and https://kauai-realtor.com/generated-post-2 mechanisms.