"Business" is really a misnomer. It often confuses more than clarifies. It's merely a Cloud plan with centralised administration of software licenses and collaborative workflow features. You don't need to be a business to use it and it's not mandatory to use it even if you are a business. Freelancers and companies where only one person uses the Cloud can use the Individual plans.
What does it offer on top of the personal plan? |
One of the major differences is centralised administration of software licenses.
In a corporate or multi-user environment, it is far more convenient for a designated administrator to control deployment and revoking of software licenses: it's easier to keep track of which licenses are deployed where since they are all administered from a single console.
Manage your Creative Cloud for teams membership
Teams also get more Cloud storage per person, more direct support from Adobe and collaborative workflow features. If you don't need any of that, you don't need Teams.
The Individual Plans are always tied to a single Adobe ID and email address. You can have more than one Individual Cloud plan per Adobe ID (e.g. 2 x Single App plans) but they're always tied to that ID and email. How you use an Individual plan is up to you: personal hobby use, freelance or business use within a company (as in your case) are all OK. Just bear in mind, that if you add any further Cloud users to your company, you must pay for another Individual Cloud membership for them with their own unique Adobe ID and email address.