Business Organizations, <i>Second Edition</i>


Business Organizations, Second Edition


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Business Organizations, Second Edition is a pedagogically rich book that recaptures student engagement in the course without sacrificing basic rigor. The traditional coverage of most books in the field is retained, but modernized in reflecting the importance of unincorporated entities and small business counseling problems. Transaction-oriented problems put the student in the practice role of advising a variety of businesses. An expository approach provides clear context for cases. Features include flowcharts, connections boxes, self-testing exercises, an interspersed series of exercises on ethics for business lawyers, a glossary of terms, and sidebars on numerical concepts and skills. Through the use of side-bar explanations or otherwise, the chapters or major sections of chapters in the book stand alone, facilitating teaching in almost any order. An online supplement includes a "business concepts for lawyers" module to be assigned as an instructor desires, as well as a variety of sample documents to show students the actual materials that lawyers work with every day.

New to the Second Edition:

  • Major revisions to incorporate important statutory modifications:
    • Book-wide revisions to incorporate 2016 Model Business Corporations Act amendments
    • Book-wide revisions to incorporate amendments to the Revised Uniform Partnership Act and amendments to several other ALI model statutes for unincorporated entities, including the revisions made under the ALI’s "harmonization project"
    • Revisions to reflect significant changes in the exemptions from registration under the Securities Act of 1933
    • Updates to reflect the 2017 Tax Cuts and Jobs Act
  • New cases, including Alexander v. FedEx and O’Connor v. Uber (dealing with the agency relationship of delivery companies and their drivers); Browning-Ferris Indus. (addressing the possibility of joint-employer status in situations involving temp agencies); and Salman v. U.S. (new decision of the Supreme Court having to do with insider trading)
  • Newly written substantive materials, including an entirely new section on the "gig" economy, added to Ch. 4; and new material on the ability of shareholders to adopt bylaws affecting the management of business
  • Shorter cases to bring down page length and respond to adopter requests
  • Improved integration of the text and its online companion material



Publication Date



Wolters Kluwer Legal Education


small business, ethics


Business | Business Organizations Law | Law | Legal Ethics and Professional Responsibility | Legal Profession

Business Organizations, <i>Second Edition</i>