This course provides an introduction to the law that governs business organizations. The course begins with the law of agency and fiduciary duties, which provides the backdrop for a discussion of partnerships. The course then moves on to the corporation. The course explores limited liability, the ultra vires doctrine, and problems of incorporation, which when taken together might loosely be considered "the corporation and its dealings with outsiders." The course then explores board structure, shareholder voting rules, the fiduciary duties of managers, and corporate control transactions, which when taken together might loosely be considered "the corporation and the regulation of insiders." The class is designed to provide students with a foundation in the common law and state statutory systems that regulate business organizations as well as the important issues of policy that surround this regulation.