Do I need to have a Facebook business page in order to run ads?
I'm have a facebook page for my business and I want to start running ads on it but don't have it setup as a "business page". Is it important to have a business page in order to run ads?
You do need a facebook page in order to create ads and it can be either a personal page or a business page.
When creating your ads, it is HIGHLY recommended to use the Facebook business Manager (business.facebook.com) to create and manage your ads.
Hope this helps!