Chapter 9 – Business Structures and Other Regulations

We have reached a significant milestone in the regulation BOOST program. Our last chapter of material! Can you believe you are at this point in your studies? After Chapter 9 of BOOST, you will move to your final review. Please don’t forget to use the guidance we provide in the "final review" module on the site!

Related to retaining the material, we hope around the end of your studies for Chapter 8 of BOOST, you took a practice test on the previous material to provide you feedback regarding how well you understand this material and are retaining it (remember, if you are not retaining it, you need to consider changing your study plan).

We are completing our discussion of business law. Overall, Chapter 9 is a short chapter with 14 pages of notes. The most important items in Chapter 9 are Appendix A and B. One of the keys on the CPA exam is knowing the important rules but also knowing/keeping the different rules for similar items straight in your mind. These appendices are intended to do this (i.e., provide you the most important concepts and show the rules for similar items side-by-side so you can comprehend the differences). The CPA exam tests these differences and tries to confuse you regarding these items (for example, upon an owner withdrawal, which business structures will an owner continue and not continue to remain liable for the debts incurred by the business structure?) 

As it seems we have reminded you about 500 times, please don't rush through this material and take your time to understand it. Remember, an additional week of studying (if needed) will be well worth it if the additional time is the difference between passing and failing the regulation section of the CPA exam!

Given that the next step in your CPA exam preparation is final review, we DO NOT suggest that you take a practice test (with only multiple choice) when you are close to completing Chapter 9 of BOOST.

Good luck as you begin your studies of Chapter 9! Some of the page numbers in the videos are not the same as the page numbers in the BOOST textbook. Please use the page numbers in the BOOST textbook.

Remember, please contact BOOST CPA Review by email if you have any questions as you work through Chapter 9.

AFTER WATCHING EACH VIDEO BELOW, please complete the appropriate multiple choice and simulations related to each of these videos. Please refer to the document with content comparisons of BOOST and Becker, Roger, or Wiley CPAexcel to determine which multiple choice and simulations to complete.

Here are the two videos for Chapter 9 of BOOST: