A single-owner business is one that is owned by one person. It’s different from a multi-owner business structure, like LLC or a partnership which is also a type of business but more streamlined and taxed in a different manner.

Individual businesses generally don’t have to register with the federal government, though they may need a DBA (doing business as) as well as any required permits or licenses. They’re not subject to the same tax rules as corporations and are exempt from liability, which means a lawsuit against an individual business could end up costing them everything.

This article focuses on a kind of business model that isn’t being explored – the individual business. Based on a comprehensive longitudinal inductive study of chef and gastronomic pioneer Ferran Adria, it pinpoints the triggers, mechanisms and shifts in his own evolving business model.

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