The typical product of the star formation process is a binary star. Binaries
have provided the first dynamical measures of the masses of pre-main-sequence
(PMS) stars, providing support for the calibrations of PMS evolutionary tracks.
Surprisingly, in some star-forming regions PMS binary frequencies are higher
than among main-sequence solar-type stars. The difference in PMS and
main-sequence binary frequencies is apparently not an evolutionary effect;
recent attention has focussed on correlations between binary frequency and
stellar density or cloud temperatures. Accretion disks are common among young
binary stars. Binaries with separations between 1 AU and 100 AU have
substantially less submillimeter emission than closer or wider binaries,
suggesting that they have truncated their disks. Evidence of dynamical clearing
has been seen in several binaries. Remarkably, PMS binaries of all separations
show evidence of circumstellar disks and continued accretion. This suggests
that the circumstellar disks are replenished from circumbinary disks or
envelopes. The frequent presence of disks suggests that planet formation can
occur in binary environments, and formation of planets in wide binaries is
already established by their discovery. Circumbinary disk masses around very
short period binaries are ample to form planetary systems such as our own. The
nature of planetary systems among the most common binaries, with separations
between 10 AU and 100 AU, is less clear given the observed reduction in disk
mass, though they may have disk masses adequate for the formation of
terrestrial-like planets.Comment: 32 pages, including 6 Postscript figures (TeX, uses psfig.sty); to
appear in "Protostars & Planets IV". Gif figures with captions and high-res
Postscript color figure available at
http://hven.swarthmore.edu/~jensen/preprints/ppiv.htm