After reading Chapters 6, 8, and 9, review the questions below. Choose and post your response to one (1) question. Then review and reply to at least one(1) classmate who posted their response to a different question. For example, if you posted a reply to question 2, review and reply to a classmate who posted on questions 1 or 3.

• Question 1: Why might you write a business plan? When might it not be necessary or even advisable to write a plan? Describe the major sections to be included in a business plan.
• Question 2: What are the merits of each of the three most basic legal forms of organization? What is an S Corporation, and what are its principal advantages?
• Question 3: What are the key attributes of a good business location? What are the greatest challenges that a small business is likely to face when designing its physical facilities?