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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

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Level 1

Approx 1.5h to complete

100% online and self-paced

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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.

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.

Shaunak Akole

Good Course

Ahmad Ali

was engaging.
Let's continue.

Rufus Kamau

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Frequently asked questions

What are the requirements to take the courses?
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements
Can I download the Excel files and financial modeling templates for the course?
Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.
How long do I have to complete the courses?
You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.
Are CFI courses officially accredited?
Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.
Are there any additional fees or costs?
None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.
What currency are your courses priced in?
All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.
How do I earn my certificates?
Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.
How are the exams conducted?
Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment
Can I email the instructor if I have questions?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.
Will these courses help me advance my career?
Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.
More Questions?
You can view more detailed information through our Help Center or Email us and we'll be happy to answer any of your questions
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