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

Individual businesses generally don’t have to be registered with resource the federal government, though they may need an DBA (doing business as) as well as any required permits or licenses. They aren’t subject to the corporate tax regulations and are subject to unlimited liability. A lawsuit against an individual company could result in a loss of everything.

This article looks at a particular type of business model that is not widely explored – the business model that is individual. Based on an in-depth longitudinal inductive case study on chef and gastronomic innovator Ferran Adria, the article identifies the triggers, mechanisms and shifts in his own evolving business model.