Description
You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and a price per display was agreed upon. It was discussed that most of the cost for a fireworks display is for skilled labor, insurance, and the actual service of setting off the fireworks. No other details were discussed. The owner is anticipating that new employees will need to be hired, but he is worried that if the large orders for fireworks displays do not continue, the company will not have the funds to pay the new employees. The owner is now considering changing the business entity, but he does not know what entity to form or how to form it.
The owner has asked you to do the following:
- Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.
- Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract.
- Explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display.
- Discuss the different employment types and relationships relevant to agency law, and analyze the advantages and disadvantages of each type specific to Acme Fireworks.
- Explain why Acme Fireworks should not operate as a sole proprietorship. Recommend a new business entity, and provide rationale to support your recommendation.
For each task, be sure to analyze the relevant law, apply the facts to the law, and make a conclusion.
The paper
- Must be 8 to 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center.
- Must include a separate title page with the following:
- Title of paper
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
- Must begin with an introductory paragraph that has a succinct thesis statement.
- Must address the topic of the paper with critical thought. That is, describe what your response is to the content, either positive or negative, and defend your position. If multiple options, alternatives, and/or positions are present and are being rejected, you must also defend the reasons for rejecting an option.
- Must end with a conclusion that reaffirms your thesis.
- Must include at least five scholarly sources, two of which must be from the Ashford University Library, in addition to the course text.
- Must document all sources in APA style as outlined in the Ashford Writing Center.
- Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.
Explanation & Answer
Here we goLemme know in case of anythingThank you and goodbye
Running head: ACME FIREWORKS BUSINESS
ACME Fireworks Business
Name
Course
Tutor
Date
1
ACME FIREWORKS BUSINESS
2
Introduction
I hold the position of the managing director at ACME Fireworks, which is a retail shop
that involves in selling of fireworks to the general public and puts ground and large displays for
public viewing. The company has grown tremendously from being a sole proprietor and has
employed 15 more individuals who are under my supervision. The owner of the company has
predicted forecast of more growth of the company because of the increased partnership contracts
with other large business organization on putting large displays which are available regularly.
The manager has viewed this as a potential idea of improving the growth of the company and has
resulted in the need to support the workforce available to meet the requirement of the customers.
Thesis: this is a useful paper that will provide my business owner with helpful,
fundamental information of guiding in enhancing the effective management of his entity. The
information will help ensure that our business entity is abiding by the established laws and that
we are operating efficiently and effectively, and thus avoid any form of obstacle that may cripple
the business financially.
This concern is developed to provide the most adaptable strategies which will help in
providing a continuous continuity of operations in the organization and help in the growth of the
organization. It will involve the inclusion of procedures and requirements based on government
laws, which will help ACME Fireworks develop a peaceful working environment. It will also
include scholar information which will help in identifying the adaptability business laws that will
be used in developing productive business operations, which will help to increase the growth of
the company. This will provide supportive information for the owner of ACME Fireworks to
establish improvements in the business, which will help in providing an ongoing operation of the
company.
ACME FIREWORKS BUSINESS
Determine if the contracts with the businesses will be governed by common law or the
Uniform Commercial Code (UCC), and explain why.
The development of contracts which are related to the sale of real property is defined to
be related to being regulated by the common law. The common law which is used to control all
the business operations in a particular region governs the sale of services such as the
development of more displays by ACME Fireworks. This services, which are a target to cover
specific need by satisfied clients, are defined as internal operations in a particular region which
are defined for particular requirements from the clients. The need to put more displays regularly
for ACME Fireworks requires special attention from the management because it involves the
inclusion o...