Business Law 1

Business Law Final Paper Outline

Brianna Williams

Ashford University

Develop an introduction with a thesis statement for the Final Paper

Thesis

A business financial and operational success depends largely on the business entity selected by the owner.

Introduction:

When a person wants to begin a business, he should decide the form of business entity that fits his business plan before selecting one. On the other hand with expansion of a business, a person can change business entity. For example one can move from sole proprietorship to a corporation entity. It is the business form that determines the income tax return type that a businessman files. There are common forms of business entities that include sole proprietorship, the partnership, corporations, as well as S corporation. A new business entity called Limited Liability Company (LLC) has also been allowed by the state statute. Before selecting the right business entity, legal and tax considerations should to be properly weighed.

Body paragraphs

1. Laws that govern business contracts

a. Will the Acme Fireworks contract be governed by Common Law or Uniform Commercial Cord (UCC)

b. What is the difference between Common Law and UCC

2. Fireworks injuries

a. Legal theories in regard to spectators injuries by stray fireworks

b. Potential Liability to Acme incase of spectators injury

3. Different forms of employments, their advantages and disadvantages, and relevance to agency law

a. Fulltime employment

b. Part time employment

c. Casual Laborers

d. Contract employment

e. Traineeships

f. Probationary form

g. Piece work payments

4. Why Acme Fireworks should stop being a sole proprietor.

a. How sole proprietorship business operate

b. When a business should move from sole proprietorship form

5. Best Business entity for Acme Fireworks

a. Corporation entity form

b. Why Acme Fireworks Should operate under corporation form of entity.

6. Conclusion

Acme Fireworks business requires to operate under the right form of business form. This will greatly determine the success of the business. Generally, if Acme Fireworks decide to operate under corporation entity, it will not be liable of debts incurred against it. Shareholders will also risk their equity under corporation. They will also manage to raise more funds through selling shares under this entity.

References

Edward O. (2006) Laumann, the Scale of Justice: Observations on the Transformation of Urban Law Practice,' Annual Review of Sociology

Chandler, A. (2002). Strategy and Structure: Chapters in the History of the American Industrial Enterprise. Cambridge, MA: MIT Press

Steven M. (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall

Prahalad, C. (2000). The Core Competence of the Corporation”, Harvard Business Review