BUS 311 � Business Law I Acme Fireworks Expansion

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Running head: ACME FIREWORKS1BUS 311–Business Law I Acme Fireworks ExpansionIn your analysis of Acme Fireworks' potential expansion, you discuss the transition from a soleproprietorship to a single-member LLC, along with the implications of adopting the UniformCommercial Code (UCC) for contracts. Considering the legal aspects discussed in the paper,how would the change in entity status impact Acme Fireworks' risk management, particularly inregard to liability for spectator injury and employment practices? Additionally, how could thistransition affect the company's long-term growth and operational flexibility?Word Count Requirement: 750-1,000 words

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Running head: ACME FIREWORKS2Acme Fireworks ExpansionRhiannon NeufellBUS 311–Business Law IInstructor David MacKusickMay 18, 2015

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ACME FIREWORKS2Acme Fireworks ExpansionIntroductionAcme Fireworks sells fireworks in all their myriad forms. Single-use, aerial display,ground display; if there's a need, Acme Fireworks supplies it. Starting out as a garage endeavor,Acme Fireworks is a sole proprietorship that is looking to change its entity status due to a recentinflux of bigger business contract requests that would mean a larger employee base, moreliability risk, and higher demand of a dangerous product (prompting evaluation of insuranceprotocols and coverage). This act of expansion would lead to the company adhering to theUniform Commercial Code (UCC), as “an order or other offer to buy goods for prompt orcurrent shipment shall be construed as inviting acceptance either by a prompt promise to ship orby the prompt or current shipment of conforming or non-conforming goods” (UniformCommercial Code, 2003, Sec. 2-206). This expansion would likely also prompt a change ofentity from a sole proprietorship to a single member limited liability company (LLC). With all ofthese changes enacted, the company should prosper.Contractual GovernanceThe UCC would describe this transaction series, as it “attempts to unify state lawsaffecting commerce into a single code that all states could adopt to make interstate commerceeasier and more efficient” (Rogers, 2012, Unit III). Given the possibility that the inquiringbusinesses are not necessarily in the same state as Acme Fireworks, the UCC would allow alltransactions to be made on the same footing, unlike in common law, where the laws are differentin regards to taxation and sales from state to state. However, each transaction would be evaluatedon a case by case basis, depending on a number of factors, such as state law, federal law, local orregional supply and demand, etc. The UCC attempts to unify the varying state and federal

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