Since the first edition of this book was published in 1995, significant changes have taken place in the world of business. The terms "home-based business" and "telecommuting" have become commonplace. The Internet has made stunning amounts of information available to anyone able to operate a computer. Limited liability company statutes have been created in every state The Internal Revenue Code has been amended to provide among other things, changes in Subchapter S provisions for small corporations Two things have not changed, and probably never will: contracts and collections. While this volume can stand alone, combining it with the authors'Introduction to Contractsand Barbara Kirby'sRed and Blackwill give the reader a firm grounding in the basic principles of business law.Baldwin, Diane is the author of 'Introduction to Business Organizations', published 1999 under ISBN 9780929563527 and ISBN 0929563522.