Forms of Business Structure - MOOC

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.

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

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