Course Syllabus: Business Credit 101


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Course Description

 


Business Credit 101 has been designed to provide potential and current business owners with the necessary knowledge to successfully use credit within their business. There are many reasons why business operators will rely on credit to maximize their business potential but it is necessary to have an insight into the business credit arena to ensure that business credit is used to its full potential.

 

This course takes you through the basics of business credits giving you an opportunity to understand what business credit is, how to obtain business credit, the best type of business credit and even explores the taxation aspects of business credit. Business credit 101 will provide aspiring and current business owners the necessary knowledge to effectively manage their business credit and finance needs.

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Topics

 

Lesson 1 - What is Business Credit?

Lesson 2 - Credit Bureaus

Lesson 3 - How To Establish Business Credit

Lesson 4 - Limited Liability Companies and Corporations – Protecting Your Personal Credit Rating & Assets

Lesson 5 - Company Registration Requirements To Establish Business Credit

Lesson 6 - Business Credit Requirements

Lesson 7 - Business Credit Administration Ensuring Business Credit Approval

Lesson 8 - Preparing Business Plan

Lesson 9 - Business Credit Without Personal Guarantees

Lesson 10 - Managing Business Debt

Lesson 11 - Maintaining An Active Business Credit Profile

Lesson 12 - Taxation And Business Credit

Lesson 13 - Business Credit Pitfalls

Course Materials

All course materials is provided in this class. There is no need to buy additional resources.

Grading Policy

Each lesson will include a written and practice assignment that will directly apply what you have learned.

A brief 25 pt. quiz will follow each lesson. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what business credit is and why it is important to the success of any business.
  • Describe the credit bureaus for business credit.
  • Describe the procedures involved in establishing business credit.
  • Describe the legal business entities that best avoid personal financial liability.
  • Describe the requirements to establish business credit.
  • Describe the methods used to better ensure business credit approval.
  • Describe the procedures to develop a business plan.
  • Describe different types of business credit available for your business.
  • Describe common techniques to manage company debt.
  • Describe the implications of taxes on business credit, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
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Assessment Guide

An Introduction1
Quiz for Lesson 1 - What is Business Credit?10
Quiz for Lesson 2 - Credit Bureaus10
Lesson 3 Assignment: Keeping Business and Personal Separate2
Quiz for Lesson 3 - How To Establish Business Credit10
Quiz for Lesson 4 - Limited Liability Companies and Corporations – Protecting Your Personal Cr10
Quiz for Lesson 5 - Company Registration Requirements To Establish Business Credit9
Quiz for Lesson 6 - Business Credit Requirements9
Quiz for Lesson 7 - Business Credit Administration Ensuring Business Credit Approval10
Quiz for Lesson 8 - Preparing Business Plan9
Lesson 9 Assignment2
Quiz for Lesson 9 - Business Credit Without Personal Guarantees10
Lesson 10 Activity: Managing Business Debt2
Quiz for Lesson 10 - Managing Business Debt8
Quiz for Lesson 11 - Maintaining An Active Business Credit Profile10
Lesson 12 Assignment2
Quiz for Lesson 12 - Taxation And Business Credit10
Quiz for Lesson 13 - Business Credit Pitfalls10
The Final Exam63
Total Points:197
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