the INDIVIDUAL ENTREPRENEUR, or Individual business person (EMPRESÁRIO INDIVIDUAL), previously called individual firm, is an individual who exercises personally entrepreneurial activities, and assumes unlimited liability in case of bankruptcy, responding with personal assets.

even with a CNPJ registration, the The individual entrepreneur is not considered a separate legal entity - The individual entrepreneur may choose to qualify as a micro or small business, if the legal requirements are met.

The individual entrepreneur can turn into a limited liability company, meeting the requirements established for limited liability companies, which will establish a separate legal entity, and protection of personal assets - more information on this type of company can be found here.