A corporation makes your business a distinct entity. It separates your business assets from your personal assets. One person or multiple people can own a corporation. If you are considering incorporating your small business, you will want to investigate S corporations.
Even a one person corporation should follow formalities and have bylaws and a stock certificate. All companies must have at least one (1) shareholder. You can be the sole shareholder, director and officer for your company. Prepare meeting minutes that demonstrate that you have elected yourself as a director. Shareholders own the company via stock.
Before OPCs, a person wanting to set up a business had the option to register as a sole proprietor or find four other nominal shareholders to make up a corporation. The former was simpler while the latter protects from personal liability.
You can form a UK limited company at Companies House. This is useful for many small owners who like to work alone. The simplest way is to use an authorised company formation agent, but you can apply independently too.
A sole person can set up a company with one member and one director. There’s no limit to how many companies one person can form. You can form an LLC for your landscaping business and another LLC for the golf course you purchased. All states allow one person corporations.
If you’re aiming to go solo, here is information on how to start and run a one-person business. You have complete control over the business. You make all the decisions without approval from anybody.