Which type of business structure typically allows for only one person to run the business?

The type of business structure that typically allows for only one person to run the business is the sole trader. This structure is characterized by individual ownership and operation, where the sole trader retains full control over all aspects of the business. This includes decision-making, financial responsibility, and day-to-day management.

In a sole trader business, there is no distinction between the owner and the business, meaning the individual personally assumes all profits, as well as any risks and liabilities, associated with the business's operations. This direct involvement allows for a straightforward and flexible approach to running a business, which is appealing to many entrepreneurs starting out.

Other business structures like partnerships involve multiple owners who share control and responsibilities. A public limited company is owned by shareholders and managed by a board of directors, allowing for broader involvement beyond a single individual. Similarly, a limited liability partnership combines elements of partnerships and corporate structures, typically requiring multiple partners to manage and operate the business collectively. Thus, the sole trader is unique in its provision for a single person to operate the business independently.