Refer to Chapter $4,$ Choosing a Form of Business Ownership, and Chapter $5,$ Small Business, Entrepreneurship, and Franchises. Both chapters should help answer many questions in this section of the business plan. Specifically, the content regarding: Partnerships, types of partners, the partnership agreement, and advantages and disadvantages of partnerships The corporate form of ownership and its advantages and disadvantages Other types of business ownership A profile of the small$-$business sector, industries that attract small businesses, the people in small business, and why small businesses fail The importance of small businesses in our economy Advantages and disadvantages of small business