Certain banks may have an internal quota for minority loans. You may happen to hit a bank looking to make a minority loan. There is no one best form of doing business. All forms have certain advantages and disadvantages, usually in the area of taxes and personal liability, that must be considered in relation to your individual circumstances. Certain occupations and professions are licensed by the state.
Localities require licenses for certain types of businesses.
A business plan is a working document that owners use to plan, control, evaluate and manage their business. It defines the objectives of a business and describes a way to meet those objectives. It shows how the resources of the company will be allocated. It is necessary to obtain financing. Business plans for startup companies are usually the most comprehensive and detailed.