Forms of Business Structure

Forms of Business Structure overview

As a credit analyst, it is important to be able differentiate the types of business structure and make appropriate credit decisions based on the risk and owners’ liability of the business. This Forms of Business Structure course introduces the three most common business structures: sole proprietorships, partnerships, and corporations. It also covers two other types of business forms, limited liability companies (LLC) and franchises.

By the end of this course, you should have a thorough understanding of the similarities and differences between forms of business structures, as well as the benefits and risks associated with each form.

Forms of Business Structure learning objectives

Upon completing this course, you will be able to:

• Distinguish between the three most common types of business structures
• Learn the definition, advantages and disadvantages of each business structure
• Understand the liability, rights, and restrictions of different structures
• Understand two other types of business forms, limited liability companies and franchises
• Explain how the legal structure of a company affects the lending process and lending decisions

Forms of Business Structure is a prep course of CFI’s CBCA® program

CFI’s Certified Banking & Credit Analyst (CBCA)® Program offers skills include credit evaluation, documentation, and review procedures. For beginners to advanced users, the CBCA® program is designed to help you become a world-class credit analyst.

Who should take this CBCA® course?

This Forms of Business Structure course is perfect for any aspiring credit analysts working in insurance, underwriting, rating agencies, commercial lending, corporate credit analysis, and other areas of credit evaluation.