An individual organization is a sort of business that does not possess a legal entity split from the owner. It is considered as the simplest of most business Continue Reading forms, and is a great choice for some who are simply starting out. An individual business is usually a bottom proprietorship, but can also be a partnership or corporation depending on its character and goals. Understanding how to sort out yourself like a sole proprietor or a person is important in terms of taxes and the many other elements of running your company.