Organizational Forms, Corporate Issuer Features, and Ownership

Free CFA Level I lesson in Corporate Issuers. 17 min read, ~2,535 words.

Sole proprietorship and general partnership: unlimited personal liability plus pass-through taxation. Corporation: limited liability plus entity-level tax. Limited partnership has two classes: a GP with unlimited liability and control, and LPs with limited liability and no management role. Corporate features: separate legal entity, limited liability, transferable shares, perpetual life, and...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• organizational forms and ownership

Browse all free CFA Level I lessons or jump into free CFA Level I practice questions.