Acme Fireworks Business Organization

Acme Fireworks Business Organization

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Acme Fireworks Business Organization 1 The Business Structure for Acme Fireworks Colbi Macon Business Law 1 BUS311 Instructor Roger Pao November 9, 2016
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Acme Fireworks Business Organization 2 Introduction There are various aspects to consider when deciding what is the most beneficial business structure for a particular business venture. The pros and cons of Acme Fireworks must be decided such as what offers will provide the most protection. What will be the highest return on investment and the best tax rates? When considering the liability, employment needs, and large contracts that are in place, I would recommend the owner change their status from sole proprietorship to a Limited Liability Corporation that could end up costing the owner their personal assets in a lawsuit. Putting an experienced labor on repetitive arrangements and execution of displays, the owner can further reduce the risk of error and potential damages a lawsuit can form. Verbally committing services to these businesses will insist common law states that the owner should honor the agreement or risk being in breach of contract, therefore, adequate staffing needs to facilitate these contracts. The owner should consider contracting labors to fulfill the company’s employment; therefore, the owner honors his commitments and reduces substantial expenses.
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  • Spring '10
  • Parker
  • Business, Business Law, Corporation, Acme Fireworks, Acme Fireworks Business, Fireworks Business Organization, Acme Fireworks Business Organization

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