Overview
Forms of Business Structure Overview
It is important to differentiate the types of business structures and make appropriate credit decisions based on the business’s risk and owners’ liability. This FREE Forms of Business Structure course introduces three of the most common business forms: sole proprietorships, partnerships, and corporations. We also cover other business forms, including C and S Corporations, limited liability companies (LLC), franchises, nonprofit organizations, and cooperatives. 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 each structure’s liabilities, rights, and limitations. We will also look at scenarios where business structures can affect how an analyst makes decisions in the lending process.
Forms of Business Structure Learning Objectives
Upon completing this course, you will be able to:- Understand why business structures exist
- Identify common business structures
- Compare the different business structures and consider their advantages and disadvantages
- Highlight each structure’s liabilities, rights, and limitations
- Consider how a business structure can affect the lending process
- Determine suitable business structures for different scenarios
Forms of Business Structure is a prep course of CFI’s CBCA® program
CFI’s Commercial Banking & Credit Analyst (CBCA)™ Program offers skills including credit structuring, documentation, and review procedures. From beginners to advanced users, the CBCA® program is designed to help you become a world-class commercial banker or credit analyst.
Who should take this CBCA® course?
This Forms of Business Structure course is perfect for aspiring or early-stage credit professionals, including business and commercial bankers, credit analysts, real estate lenders, equipment finance, loan & mortgage brokers, and other private (non-bank) lenders.
Forms of Business Structure
Get Started Enroll For Free
Level 1
Approx 1.5h to complete
100% online and self-paced
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See All Certification ProgramsWhat you'll learn
Lesson
Multimedia
Exams
Files
Why Have Business Structures?
Partnerships
Partnerships
General Partnership
General Partnership - Advantages and Disadvantages
Interactive Exercise 3
Limited Partnership
Limited Partnership - Advantages and Disadvantages
Limited Liability Partnership
Limited Liability Partnership - Advantages and Disadvantages
Incorporated Joint Venture
Incorporated Joint Venture Examples
Incorporated Joint Venture - Advantages and Disadvantages
Interactive Exercise 4
Corporations and Cooperatives
Defining Corporations and Cooperatives
Corporations - Advantages and Disadvantages
Types of Corporations
Private Companies
Public Companies
Interactive Exercise 5
Other Business Structures
Professional Corporations and Professional LLC
Cooperatives
Nonprofit and Not-For-Profit Organizations
Franchises
Interactive Exercise 6
Course Summary
Qualified Assessment
This Course is Part of the Following Programs
Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.
Commercial Banking & Credit Analyst (CBCA)™ Certification
- Skills Learned Financial Analysis, Credit Structuring, Risk Management
- Career Prep Commercial Banking, Credit Analyst, Private Lending
What our students say
My Takeaway
Business structures are an important consideration for any entrepreneur or business owner. They provide a legal framework for the operation of a business, and each type has its own benefits and drawbacks. Sole proprietorships are the simplest and most common structure, but offer no liability protection for the owner. Partnerships and corporations offer more protection, but also come with more complex tax and legal requirements. Limited liability companies (LLCs) offer a middle ground, with some protection and fewer formalities. It is important to carefully consider which structure is best for your business, and to consult with a legal professional for guidance.
Business structures are an important consideration for any entrepreneur or business owner. They provide a legal framework for the operation of a business, and each type has its own benefits and drawbacks. Sole proprietorships are the simplest and most common structure, but offer no liability protection for the owner. Partnerships and corporations offer more protection, but also come with more complex tax and legal requirements. Limited liability companies (LLCs) offer a middle ground, with some protection and fewer formalities. It is important to carefully consider which structure is best for your business, and to consult with a legal professional for guidance.
Memory Nanas
Conceptual clarity & Ease of Learning
Courses are designed properly and structure of providing Information is making learning experience better. Concepts are easy to understand with no information overload, information is to the point and presentation of Topics is interactive and easy to remember/recall. Overall very experience.
Courses are designed properly and structure of providing Information is making learning experience better. Concepts are easy to understand with no information overload, information is to the point and presentation of Topics is interactive and easy to remember/recall. Overall very experience.
Shaunak Akole
Good Course
Ahmad Ali
was engaging.
Let's continue.
Let's continue.
