Which entity would be the best fit for acme fireworks

Assignment Help Business Law and Ethics

Reference no: EM133362914

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.

Reference no: EM133362914

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