A single-owner business is one that is owned by a single person. It’s different from a multiple-owner business structure, such as LLC or partnership that is a form of business, but more structured and taxed in a different way.

Individual companies aren’t required to register with the federal authorities, but they might require an 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 that a lawsuit filed against an individual business could cost them everything.

This article examines a specific type of business model that isn’t being explored – the individual business. Based on a comprehensive longitudinal inductive case study of chef and gastronomic pioneer Ferran Adria, it identifies the triggers, mechanisms, and changes in his own evolving business model.

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