What does individual mean in business?

[mayumi97]

An individual is a person whether in business or out of it. Now, an individual who puts up his own business with him as a single owner is a sole or single proprietor. An individual may also decide to form a partnership with another individual and register such a partnership as a business. And yes, an individual can also set up a one-person corporation (OPC). There are distinct differences between a sole proprietorship business and a one-person corporation with most of them having something to do with the extent of liability to the debts, losses, and liabilities of the business.

 

[Shigobad20201]

An induvidual in business means that the business is owned by just one person and not a cooperate organisation , it is a definition of a sole proprietorship in my own definition.

 

[Sotherefore]

Everybody are just interested on how they can run a private and individual business because they just want to be the one in control and to give the final decision. Lolz. But this may not always be easy .

 

[Shigobad20201]

Everybody are just interested on how they can run a private and individual business because they just want to be the one in control and to give the final decision. Lolz. But this may not always be easy .

Individual in business means that you are running your personal business on your own , and in my own opinion, I prefer running my business alone if I have the fund than to start a patnership business

 

[Setho]

An individual whenever it comes to business with somebody who is usually taking decisions alone. This could be somebody way starting a business alone or is investing into different kind of businesses with his own money.

 

[Sotherefore]

Over here we understand individual business to be a business studies established by a single individual , manage and sometimes such business are not recognize by the government. They are legals. Such as freelancers as you have said. Over here you may not likely have to register such business.

 

[Shigobad20201]

The word Indivudual in business means when a person is running and managing a sole proprietorship business , which he runs alone without the help of anybody.

 

[tyrim88]

An individual means a business run, control and finance by only one person. It is called sole proprietorship. Most of individually owned businesses are not always registered but some are registered. It ensures privacy and fast decision ma

That is one of the advantages of running a personal business,because one thing about decision making is that you will have to be very prompt in taking decision that has to do with the running of the business on time.

 

[Immilash1]

An individual whenever it comes to business with somebody who is usually taking decisions alone. This could be somebody way starting a business alone or is investing into different kind of businesses with his own money.

That's true, you have said it all, in addition to what you've just said and individual in business means someone that takes care of everything that will help in the growth of the business.

 

[Syldan]

An individual business is such kind of business that is owned, manage and control by a single person financially independent of external control on how affairs should be done.

 

[Shigobad20201]

An individual business is such kind of business that is owned, manage and control by a single person financially independent of external control on how affairs should be done.

Individual in business means having the say in your business , it means the business is own by a certain individual and not by a group of people that controls one company .

 

[joy101]

An individual business means the business that is ones and manager by one person the business is also called a sole proprietorship and the business usually require the division of labor in order to make the business move fast.

Yes, an individual mean that business can be operated by one person and also to take over charge in that particular business, it is also requires as one man's business to take over control in the business.

 

[Chibson]

An individual business and sole proprietorship are almost the same thing if not the same time . They are usually not affiliated to any other person but they are being run by a single individual.

 

[Chibson]

Individual in business means having the say in your business , it means the business is own by a certain individual and not by a group of people that controls one company .

Even in partnership businesses individuals have a say. So having a say in a business does not necessarily mean that it is an individual business. An individual business is usually controlled by one person and every decision is made by one person.

 

[Syldan]

Individualism in business means running a single private business alone not going into business with partners or any company which may contribute in one way or the other but personal funding, management and profit maximization.