Determine your location and business environment.

Determine your location and business environment. Address all legal, zoning, and licensing concerns your business will face. What form of business will you set up? Why? The level of detail required for this section will depend on your type of location (virtual, retail, warehouse, office, restaurant, etc.) and on your idea. Demonstrate that you have completed your research. Don't say, "We will obtain all of the appropriate permits"; instead, summarize them. When you explain your form of business, remember your audience. For example, if you select an S corporation, explain your reasoning for that selection in the context of your potential business rather than providing the definition of an S corporation. Address any pending regulations that may have an impact on your business.