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 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
Who should take this 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.
Prerequisite Skills
Recommended skills to have before taking this course.
- Logical thinking
Forms of Business Structure
Led by
Gabriel Lip
Level 1
57min
100% online and self-paced
Field of Study: Finance
Start LearningWhat 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 Members Say
Content Review
Good content as well as explanation Akash Goley
Forms of Business Structure
It's a great course for learning about business types for the students of business and finance. After completing the test they get a free certificate from a great international institution. Thank you so much #CFI Team :) 👏 Mohammed Muqtader Ali
Review 2021
As though this course helped me to understand more than just the basic Forms of Business Structure, it taught me about different Franchises and much more! I love this course and wish that alot of folks take it. Micha Coakley
Enjoyed every part of this course
The trainer is clear, simple, and engages learners effectively. Abraham Eninla
Frequently Asked Questions
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If you haven’t found your answer from our FAQ, please send us a message.
