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The type of business owner most suitable for a corporation is usually someone who wants to separate their personal liability from the obligations and debts of the company. The corporate structure provides greater legal protection and limits the personal liability of shareholders.

Yes, a single person can form a corporation. In many states in the United States, it is possible to establish what is known as a "single-person corporation" or "corporation sole," which allows an individual to operate as a corporation. However, regulations may vary by state, so it is important to verify the specific requirements in your jurisdiction.

Yes, a corporation can transfer ownership. Being a separate legal entity from its owners, a corporation can buy, sell, or transfer assets and property as permitted by law and the corporation's bylaws.

Yes, generally, a corporation is required to draft bylaws. Bylaws, also known as "articles of incorporation" or "constitutive act," are legal documents that establish the structure, rights, and responsibilities of the corporation. These bylaws must be filed with the appropriate regulatory body at the time of incorporating the corporation.

There is no one-size-fits-all answer to this question, as the need for a business plan may vary depending on the type of business and your objectives. However, in general, it is recommended to develop a business plan before starting any business. A business plan helps you define your vision, strategies, cost structure, market analysis, and other key aspects of your business. It is also useful for obtaining financing and establishing a clear roadmap for your company's growth.