Chapter 1: Organizational Forms, Corporate Issuer Features, and Ownership

In this section

• Business Structures (Sole Proprietorship, Partnership, Corporation)
  Explore the foundational concepts behind sole proprietorships, partnerships, and corporations, including liability, tax implications, and real-world considerations.
• Public versus Private Companies
  An in-depth look at the key differences between public (listed) and private (unlisted) companies, covering regulatory requirements, ownership structures, capital access, and governance considerations.
• Equity and Debt Claims
  Explore essential principles of equity and debt financing, their unique risk-return profiles, and how they shape a company's capital structure.
• Share Classes and Voting Rights
  Explore different classes of shares, their voting mechanisms, and their impact on corporate control and governance, supplemented with practical examples and exam-oriented insights.
• Hybrid Legal Structures (LLCs, LLPs)
  Explore how hybrid entities like LLCs and LLPs combine elements of partnerships and corporations, offering limited liability, pass-through taxation, and flexible management.
• Convertible Debt and Other Hybrid Securities
  Discover the structure, benefits, and considerations of convertible debt and other hybrid securities, featuring detailed insights on bonds with conversion features, warrants, and preferred shares for comprehensive corporate financing strategies.
• Legal and Compliance Requirements for Corporate Issuers
  Understand the key legal and compliance obligations that govern corporate issuers, including statutory reporting, securities regulation, listing requirements, internal controls, and potential penalties for non-compliance.
• Dual-Class Share Structures
  Explore how dual-class share structures grant founders or key stakeholders enhanced voting rights, allowing strategic control over corporate direction while raising capital in public markets.
• Corporate Bylaws and Articles of Incorporation
  Explore the role and structure of Corporate Bylaws and Articles of Incorporation, including legal filings, internal governance rules, and best practices for amendments and compliance.
• Regulatory Reporting Requirements (IFRS vs. US GAAP) and Strategic Considerations
  Explore key differences between IFRS and US GAAP, how these frameworks shape financial reporting, and the strategic considerations for global corporate issuers.