BUS311 Business Law

Running Head: ACME BUSINESS ENTITY OUTLINE 1

ACME BUSINESS ENTITY OUTLINE 2

Acme Fireworks Business Entity Outline

De’Vaka Newton

BUS311: Business Law

Professor Gary Gentry

October 9, 2016

Acme Fireworks Business Entity Outline

I. INTRODUCTION

Acme Fireworks began in the owners’ garage and now I have the opportunity to take them even further. Before making any decisions that could cause a negative or positive affect. I will gather all the information through reviews of other companies and develop ideas that could be a good resource. As the manager of Acme Fireworks my goal is develop teams in assisting ways to come up with an idea and plans that could help expand their contracts with other businesses.

A. ZAMBELLI FIREWORKS

1. The quality of their products contributes to their success.

2. Providing unlimited up to date resources and advertisement

II. CONTRACTS

1. Identify the difference between common law or uniform commercial code

2. Determination of the contracts with the business after understanding laws

3. Explain why it would be best

4. Analyze whether the owner formed a contract with the business and apply the five essential elements of an enforceable contract

III. LAWSUITS AND VICTIMS

1. Death ratios due to fireworks

2. Injury ratios due to fireworks

3. Liability of Acme Fireworks and what other companies did if someone got hurt

4. Cost of insurance

IV. EMPLOYMENT

1. Advantages and Disadvantages of each type specific to Acme Fireworks.

2. Identify the different types of employment relationships relevant to the agency law

V. SOLE PROPRIETORSHIP

1. Explain why Acme Fireworks should not operate as a sole proprietorship

2. Results of companies that operate as a sole proprietorship

3. New business entity and provide rationale to support your recommendation

VI. CONCLUSION

We know that dealing with fireworks can be a beautiful site but it is still very dangerous. Being a major company it is important that proper training and understanding of the importance of the chemicals and safety. It is good that certain types of fireworks have been banned and left up to professionals to handle. However, being a professional working for any company requires higher safety and precautionary measures. Acme Fireworks gave me the opportunity as the manager in making sure that I make the right choices in hiring the right personnel, and providing all that is necessary in keeping lawsuits to a minimum and use the proper contracts.

References

Conkling, John A. (1985). Chemistry of Pyrotechnics. New York Marcel Dekker Inc.

Medina, M. 2012 Claim Management “When fireworks GO from Ooh’s and Aah’s to “ Oh My God” Retrieved from http://claims-management.theclm.org/home/article/When-Fireworks-Go

Regional Business News. 2003 Burn victims file lawsuitsagainst fireworkscompany after explosions. Retrieved from: http://eds.b.ebscohost.com

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

www.zambellifireworks.com