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RUNNING HEAD: Acme 1

Acme 2

Acme Fireworks Company

Latoria Stevens

BUS 311

Anthony Patete

May 25, 2015

Thesis Statement and Outline

Acme Fireworks is a retail company that in its two years of existence has remarkable performance. As a small business entity, it has three specializations, namely: sales, putting on ground related displays and aerial display in large scale of fireworks. Presently, this sole proprietorship is run by its founder and 15 other members at employee level. Today, the company is facing a positive dilemma as its eminent growth has caught the attention of other large companies who are especially interested in its firework displays. The other side of Acme’s dilemma is if it can keep these display tenders coming in, if it needs to change from a sole proprietorship, how to sustain future employees and if it’s valid enough or if its owner should test other waters business-wise.

I. Introducing the History of Acme Fireworks Company

A. This company is founded on its owner’s passion for firework’s Displays

1. The passion dates from childhood- children are often very intrigued by fireworks. The sparkles caused by fireworks appear magical and amuse them a lot.

2. Fireworks is also an essential/ integral part of various celebrations such as birthdays, weddings, New Year and anniversaries.

B. Examples of events commemorated by firework displays and the effect brought out. This answers the fact that fireworks are in a way influential to the society.

1. Firework Displays are today largely used on a daily bases especially at a corporate level to emphasis adverts and during various company related events and activities.

2. Explain how the Acme Fireworks has invested into this market and the success that has eclipsed.

II. Determining the nature of contracts between Acme Fireworks and the large interested companies.

A. Answering the question on laws that will govern these contracts.

1. Defining common laws and UCC. Common laws these are declared by a judge and aimed at groups at either legal or custom levels. Uniform Commercial Code (UCC) on the other hand refers to business laws aimed at regulating financial and other business related contracts. The UCC is better explained by its 9 articles that give it a detailed approach.

2. Deciding which set of laws best suit the case of Acme Fireworks scenario.

B. Supporting details

1. Both are important

2. Both have a role to play. However, it is definite it’s the UCC, but there is needs to give valid reason driving examples from the companies involved settings.

III. Discussing whether Acme’s owner agreed to enter contract ship with interested business.

A. The five essential elements of an enforceable contract.

1. The outlining of these elements and their definitions. They include: Offer, capacity, legality, consideration and acceptance.

2. Elaborating on the purpose of each of these elements.

B. Showing various scenarios

1. Where all elements were adhered to, what where the outcomes? Where some were left out, were there consequences?

2. How the relevance of these elements vary based on nature of a contract.

VI. Potential personal liability that Acme Fireworks may face where spectator injuries are involved.

A. Explaining Fireworks from a chemical element perspective

1. Accepting that regardless of the beauty of the firework displays, there are certain potential hazards.

2. Explaining potential person liability as negligence consequences that result from not paying NIC (National Insurance Contributions).

B. Statistical Analysis

1. Statistics on how often firework displays result in spectator injuries. Use recent dates such as between 2008-2015.

2. How often has Acme Fireworks been faced with spectator injury related cases? How did it deal with it? What are the control measures put in place?

V Employment types

A. Pointing out the various employment types and defining each briefly.

1. The role of these employment types and how they relate to agency laws.

2. Stating the advantages and disadvantages of each employment types to Acme Fireworks.

B. Applicability of the employment types

1. From a large company perspective and from a small company such as Acme Fireworks perspective.

2. Suggestions on how Acme Fireworks can reduce possible liabilities and maximize on benefits of various employment types.

VI Acme Fireworks change from Sole Proprietorship to a partnership.

A. Definition of the term sole proprietorship.

1. The various advantages and disadvantages of sole- proprietorship form of business entity.

2. The mention of various factors that discredit Acme Fireworks from a sole-proprietorship status

B. Description of a partnership form of business

1. Advantages and disadvantages of partnership.

2. Reasons based on facts that suggest Acme Fireworks would do better as a partnership than its current Sole- proprietorship business status.

VII Conclusion

This part should sum everything up and should be around 100- 150 words. At this stage, I am yet to come up with a suitable conclusion as at the brainstorming stage of my essay where new ideas keep coming up. But I am sure by the draft paper level, an appropriate conclusion will be in order.

Reference

Holmes, O. W. (2009). Common Law. Cambridge, MA, USA: Harvard University Press. Retrieved from http://www.ebrary.com

Injuries From Fireworks in the United States. (2000). JAMA: Journal of the American Medical Association, 284(3), 302.

Judge, S. (1999). Business Law (2nd ed.). New York, NY, USA: Palgrave Macmillan.

Retrieved from http://www.ebrary.com

Reports and statistics about fireworks. (2015). Retrieved May 25, 2015, from http://www.nfpa.org/safety-information/for-consumers/holidays/fireworks/reports-and-statistics-about-fireworks

Rogers, S. (2012). Essentials of Business Law. San Diego, CA: Bridgepoint Education, Inc.

The Market Is Booming. (2014). Bloomberg Businessweek, (4409), 20-21