Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Review this introduction and thesis below Acme Fireworks is a small business that sells fireworks and puts on ground displays. The opportunity to expand its

Review this introduction and thesis below

Acme Fireworks is a small business that sells fireworks and puts on ground displays. The opportunity to expand its business from the garage that was started two years ago as a sole proprietorship has now been offered, allowing the owner to change its business entity as well. The owner has assigned this task to the manager to fulfill. Given the company's recent growth and the potential for new business opportunities, it is critical that Acme Fireworks carefully consider its options for changing its business entity to ensure the company's long-term success and stability. This paper will explore how a contract is formed, how the contract is governed under the law, personal liability, employment, relationships to agency law, benefits, and drawbacks of different business entities, and provide recommendations for the owner on which entity would be the best fit for Acme Fireworks?

Step by Step Solution

3.44 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Introduction Acme Fireworks a burgeoning enterprise specializing in fireworks sales and ground displ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Financial Accounting

Authors: Christopher D. Burnley

2nd Canadian Edition

1119406927, 978-1119406921

Students also viewed these Law questions

Question

Prepare a cash budget.

Answered: 1 week ago

Question

d. How does a listener encourage a speaker to speak?

Answered: 1 week ago