Hi and welcome to part two of my Corporate and Commercial Law class. This second four weeks, we're going to broaden the scope a little bit and talk about a number of different legal issues. The title of the second half of the course is technically Business Forms: Financing and Governmental Regulation, and that's generally what we're going to be talking about. In the first of our four modules, we're going to talk about business forums or business organizations or business entities. All of those terms generally mean the same thing as things like corporations, partnerships, limited liability companies. How do you know what type of business organization is right for your business and what are the characteristics of each one? Then module two, were going to shift into discussion of debtor-creditor relationships and this is a very broad subject. We're going to try and narrow it as much as we can, but we're going to be talking about things like secure transactions. What does it mean to give someone collateral to secure a debt? How do banks collect on debts when they're not paid? We're going to talk a little bit about bankruptcy. What happens when a business debtor or any other debtor is unable to pay its debts? How does the bankruptcy process work? And then in the last two modules, we're broadly going to talk about governmental regulation of business. I'm going to start this off by talking about administrative agencies, how they make rules, how they investigate violations, how they adjudicate disputes, and then talk about some very specific agencies and the types of things that they regulate: The Environmental Protection Agency, the FTC. We're going to talk significantly about anti-trust laws and how those are enforced, meaning, how do we make sure that businesses compete fairly? And then we'll wrap it up by talking about securities laws, issuing stocks and bonds, trading stocks in the stock market. What are the rules required there to make sure everyone plays a fair game? So now I'm going to kick it over to one of my former students to tell you a little bit about her experience in this class. Not only did I enjoy learning the material in the business online class but Professor Frikkie is hilarious and has a good sense of humor to keep things rolling, but also cuts it to you straight and gives you the information that you need. There's no fluff and that's what I liked, really liked about Professor Frikkie is that I got to the point, I knew that what I was hearing or what I was reading wasn't a waste, and I would be using it. And later on, the quizzes that we had fully made sure that you fully understood the concept but also had a sense of humor using different characters and situations. And so, you'll definitely be entertained. It's not boring.