A single-owner business is one that is owned by a single person. It's distinct from a multi-owner business structure, like an LLC or partnership which is also an entity, but more structured and taxed differently.
Individual businesses aren't required to register with federal authorities, however they might require a DBA or other permits and licenses. They're not subject to the same tax rules as corporations, and are subject to no liability, which means a lawsuit professional and technical disciplines in real estate against an individual company could cost the company everything.
This article explores an under-explored type of business model: the individual business model. Based on a longitudinal, inductive study of the chef and gastronomic pioneer Ferran Adria's evolving individual business model, this article identifies triggers and mechanisms.