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A business that is an individual one is a type of business controlled by one individual. It’s different from a multiple-owner business structure, such as a partnership or LLC which is also a type of business but more streamlined and taxed in a different manner.

Individual businesses are not required to register with federal authorities, but they may require the use of a DBA or other permits and licenses. They aren’t governed by the corporate tax regulations and are subject to unlimited liability. A lawsuit filed against a private company could cost them everything.

This article examines a specific type of business model that is under-explored – the business model that is individual. Based on an in-depth longitudinal inductive case study of chef and gastronomic pioneer Ferran Adria, it identifies triggers, mechanisms and changes in his evolving individual business model.