A business that is an individual one is a business that’s managed by a single individual. It differs from a structure for business that has multiple owners, like a partnership or https://kauai-realtor.com/technical-writing-and-technical-disciplines LLC that is a type of business, however it’s structured and taxed in a different manner.

Individual companies aren’t required to register with the federal authorities, however they might require an DBA or other licenses and permits. They aren’t governed by the corporate tax rules and face unlimited liability. A lawsuit against an individual company could cost them everything.

This article explores a type of business model that isn’t being explored – the business model that is individual. Based on a longitudinal inductive study of chef and gourmet pioneer Ferran Adria’s evolving individual business model, this article pinpoints triggers and mechanisms.