This book introduces students to a broad range of essential business and financial concepts. The objective is provide core knowledge that helps lawyers understand business challenges and work with business owners and executives. The discussions are concise, understandable, and suitable for all students, including business neophytes. They are designed to not overcomplicate the subject matter. Key topics include:

  • Core business concepts - income and EBITDA measures, performance ratios, opportunity costs, economies of scale, leverage and debt, gross multipliers, fixed and variable expenses, capitalization rates;
  • Time value of money basics - present and future values, amortization schedules, discount rates, internal rates of return;
  • Business valuation techniques;
  • How and why to identify important business differences;
  • The role and elements of a business plan;
  • Understanding financial statements, their limitations, and related audit and regulatory challenges;
  • Historical perspectives on globalization, business regulation, and monetary policy;
  • Basic microeconomics principles;
  • Fundamentals of corporations, partnerships (four types), and limited liability companies;
  • Business entity tax basics;
  • Choice-of-entity factors;
  • Capital markets, going public realities, and private funding sources;
  • Securities law basics;
  • The role and limitations of antitrust;
  • Fundamental shareholder rights;
  • Control struggles in public corporations;
  • Owner issues in closely held enterprises;
  • Select executive and employee challenges;
  • Intellectual property basics;
  • Common business-related ethical challenges.

The discussions are supported by numerous student problems, the answers to which are provided in a separate teacher's manual.

Imprint: West Academic Publishing
Series: Coursebook
Publication Date: 06/06/2014
Related Subject(s): Business Organizations


This title is available in our CasebookPlus format. Anchored by faculty-authored self-assessments keyed to our most popular casebooks, CasebookPlus allows students to test their understanding of core concepts as they are learning them in class.


Adopt the CasebookPlus option of your chosen text and provide your students with all the tools they need to gauge their understanding of the material—on their own, outside of the classroom, with no extra work on your part.

For faculty who wish to view their students’ quiz progress and results, we’ve added new optional customizable reporting capability that can help you evaluate your students’ understanding of the material. This feedback can also help your school demonstrate compliance with the new ABA Assessment and Learning Outcomes standards. Learn more about the reporting available to you from your Account Manager or view the course set-up instructions to get started.


Students purchasing a used book, or those who are renting their text, can still utilize all CasebookPlus digital resources by buying the digital only option.

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