An individual business is a form of business that does not possess a legal entity split from the owner. It is considered the simplest of business kauai-realtor.com forms, and it is a great choice for many of us who are merely starting out. A person business is typically a lone proprietorship, but can also be a partnership or perhaps corporation according to its characteristics and desired goals. Understanding how to sort yourself as being a sole proprietor or a person is important in terms of taxes and the many other elements of running your company.