Completely revised and updated, and conversational in tone, this book features illustrative hypotheticals. It is comprehensive but concise, with organization following the life cycle of the corporation-from formation through dissolution. It addresses the theory of the firm and the nuts-and-bolts of corporate law, including special issues raised in closely held and public corporations. Up-to-date discussion of Sarbanes-Oxley and federal securities law provide broad background. Even sociology majors need not fear the discussion of financial concepts, which are set up with helpful examples.