Acme Fireworks And An Enforceable Contract

1521 Words7 Pages
Change occurs all the time in organizations, it is the one thing that is always consistent. In order for an organization to stay relevant they must re-invent themselves in order to continue to satisfy their customers’ needs. My goal in this paper is to share about an organization called Acme Fireworks and to determine if the laws that these businesses will be governed by, analyze the contracts, apply the five essentials elements of an enforceable contract, explain the potential liability if a spectator is injured, discuss the different employment types relevant to this company, and explain why they should not operate as a sole proprietorship. Acme Fireworks is a fireworks retailer that sells fireworks. They also put on both ground and aerial firework displays. The company was started two years ago in the owner’s garage and now has 15 employees. This company started as a sole proprietorship, and the owner has never changed the entity. Recently several large companies have showed interest about wanting firework displays on a more regular basis instead of the regular 4th of July season. The owner of Acme Fireworks has discussed that it is possible for this to happen. Acme Fireworks could easily fill these display orders. The owner of Acme Fireworks discussed that it would be possible for there to be a set price, but no specific price was mentioned. Most of the cost for a fireworks display is for insurance, the skilled labor, and the actual cost of the fireworks that will be

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