Business Finance
Ashford University Acme Fireworks Business Entity Proposal Paper

ashford university

Question Description

*Note:- I am attaching final assignment proposal which have been submitted in week 3 now on the basis of same proposal topic i need to write my final paper please make sure the proposal will be just an idea for final paper though the topic will be same. The final paper should not be copy paste so please maintain originality and and make it plagiarism free *

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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 (Links to an external site.)Links to an external site..
  • 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 (Links to an external site.)Links to an external site..

Final Answer

Complete. Kindly download the FINAL PAPER below. In case of anything, get back to me I will be here waiting for you

Running head: FINAL PAPER

1

Acme Fireworks
Name
Instructor
Course
Date

FINAL PAPER

2

Acme Fireworks is a fireworks company that has its roots from firework homework in
China. The company specializes in designing, production and, display of fireworks in order. The
company has risen to the top of the table and has dominated the market because of its unique
products which sell at reasonable prices. Acme fireworks like any other business face market and
legal challenges and, therefore, it is important to ensure that it is familiar with all policies that
abide its operations (Anderson, 2008). It is important to determine what risks the company can
be involved in and how they can be avoided. This paper will discuss a variety of key
considerations that can help the company to retain its market shares such as making crucial
decisions like employment opportunities and legal obligations.

The contracts signed by Acme Fireworks and the companies will be governed by
Uniform Commercial Code (UCC). This law cover contracts that are signed by companies that
are not in the same estate. Acme Fireworks is an international company from China that
specializes in fireworks and, therefore, UCC is the most applicable (Teeven, 1998).

Contracts are an essential in doing business. There are five set standards that define a
contract so as to make it valid and legally enforceable by a court of law. A contract is said to be
valid if it meets all the set elements (Anderson, 2008). Most contracts are governed by state laws
unless those involving foreign companies. The following is a check list for the five essentials
elements of a contract and if Acme Fireworks really signed a contract with the said companies.

Offer

An offer is a sacrifice that the parties involved in a contract are willing and able to offer
each other in order to get what they need in return (Morawetz, 2015). The exchange should be

FINAL PAPER

3

legal and the subject matter should be within the law. Acme Fireworks offered to display
fireworks for the said companies which in turn offered to pay an agreed amount for each
firework. This element is satisfied as each party involved has something to offer for the
exchange.

Acceptance

This is a show of satisfaction and involves each party agreeing to the contract terms.
Acceptance can be verbally or in written form and as it in many cases a hand shake. Both parties
should accept willingly and there should be no conditions or threats (Anderson, 2008). Both
parties must give specific details for the nature of services they need. A contract can be
invalidated if one party plays wise and misleads the other party to enter into an agreement. Acme
Fireworks accepted the offer to do fireworks displays on regula...

EXMenWriter (13161)
UC Berkeley

Anonymous
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Anonymous
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