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This casebook is designed as a concise first course in business associations for both law students and management school students. It covers the fundamentals of agency, partnership, the limited liability company, corporations, fiduciary duty of officers and directors, insider trading, derivative lawsuits, Sarbanes/Oxley, and tender offers and takeovers. Additionally, it offers a review of relevant fundamental concepts from the law of property, contracts, and torts, and provides some consideration of intellectual property, employment law, and antitrust, all of which are relevant for managers and their lawyers. The casebook can be taught in a single quarter or a single semester. Law students will be well-prepared for further study of mergers and acquisitions, securities regulation, and corporate finance; and future managers will be prepared to anticipate the legal problems that they will face throughout their careers.