A single-owner business is one that is owned by a single person. It’s distinct from a structure for business that has multiple owners, for example a partnership or LLC which is a similar kind of business, but it is structured and taxed in a different way.

Individual companies aren’t required to register with the federal authorities, but they might require a DBA or other permits and 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 focuses on an under-explored type of business model – the individual business. Based on a longitudinal, inductive study of chef and pioneer of the gastronomic world Ferran Adria’s ever-changing personal business model, this article pinpoints triggers and mechanisms.

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