Individual Adsense accounts obviously for individuals or person but some companies run their own youtube channels in certain languages and websites, blogs and Android apps, etc...
Whenever your income is high it is suggestable to move from individual to business account to submit proper documents and pay appropriate taxes to the nation after your expenses like cameras, gadgets, interviews, salaries, travel, etc... When you are in beginning you must and create an account as an individual.
If by mistake your account went under business instead of individual there is a process too to change back your Adsense account from business to individual.
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