This book makes the Business Associations or Corporations course accessible to students whether or not they already know anything about business. In a conversational tone, the original text and problems emphasize the legal issues that 99% of lawyers will encounter in their professional career. The book is organized around the life-cycle of a business. And while it includes landmark cases, the focus is on the legal issues encountered when starting a business, growing a business, and ending a business. This is the only current casebook for an introductory course in business associations that is co-authored by a business school professor. The book thus consistently and clearly provides students with the business context for understanding the legal issues explored.
New text focuses on the life cycle of a growing restaurant business, and the legal issues it confronts, organized under the various legal forms of organizations. The text also includes a significant amount of additional material on LLCs. New material has been added on B corporations, as well as new material on the historical antecedents of the various business and legal practices that were ultimately codified as law. The text also includes several new cases focusing on evolving areas of the law, including securities regulation.