Acme Fireworks Essay

innovationAs the owner of superlative Fireworks you defy asked me, you manager, to review and explain close to ideas to you. In the ascertaining pages I turn over explained the potential personal obligation for injuries to consumers and what must(prenominal) be on our labels for prophylactic. Analyzed the lately habitused demands with the retailers and the usance and expansion that atomic number 18 take oned for crown to go along with the new contracts, and wherefore concluding with the change of the business entity.As we go onwards with the growth of the business, we want to be sure things are done justly and that we leave alone meet or exceed our consumer and customers standards at top of the inning Fireworks. ain indebtednessAs you are aware you our comp all motivationfully to be sure that our consumers are aware of cardinal key things their own liability, and warnings. Our consumers need to be aware that when they use our products that they alone are respon sible for any(prenominal) damage done by the firing of the firework is their responsibility and non ours. Insurance companies are saying you canfult always assert who is watching your fireworks display and never know who might file a lawsuit against you for any bodily harm caused by a roge firework. patronage how complicated fireworks liability may sound, making sure youre cover in the item of injuries or keeping damage is as unproblematic as finding the right custom fireworks insurance plan that can be designed exactly for your needs (Xinsurance, 2009).Our labels as you know must contain the following breaker points for consumers safety and per Title 16 of the Code of federal glumicial Regulations. Every fireworksdevice must check A label with a signal word, either WARNING or CAUTION A narrative describing the hazard(s) associated with the device, such as A statement describing the hazard(s) associated with the device, such as SHOOTS bloody(a) BALLS or EMITS SHOWERS OR SPARKS And in course of actionation describing the actions to be followed or avoided in roam to store, handle and use the device safely (Consumer Products preventative Commission, 2001). The company go away need to take travel to delay that the customer is sheltered and the right of the company is non com prognosticated.Accepting personal liability for the permit of fireworks requires that the customer has a working knowledge of the operation of the pyrotechnics. There is a ample level of responsibility accepted by our company for addressing fireworks and to the consumer letting them off. Consumer accepts full responsibility for any damages in the use of products purchased from Acme Fireworks.ContractFrom what you do told me already, Event Palace and Party Store perplex submitted a request for large quantity installs on an ongoing, regular, basis. You turn out responded that Acme Fireworks agrees that we have the ability to fulfill the large orders requested, further more, both retailers and Acme Fireworks have agreed on a cost of $500.00 per case. As your manager, this constitutes an implied contract with these retailers and it is capture to act upon it quickly and get a simple contract worn up for each of the retailer, signed by the proper people. First off I pull up stakes give you some of the definitions of what should be in the contract, i.e. offer, terms, clauses, and acceptance, at once complete, I will have an example of what I think the contract should contain.An offer must, contain a clear promise to enter into a contract, must have reasonably certain terms, and must be communicated by the promisor (the person making the promise ) to the promise (the person to whom the promise is made) (Rogers, 2012). Terms are what we and the retailers want from each other and what we expect in return clauses are ways out of the contract if something unforeseen happens to either of the retailers or Acme. Finally, acceptance is where the responsible parties purchasing personnel, would sign the contract.Acme Fireworks will provide Event Palace with a minimum of 500 cases per ca bestowar month at a cost of $500 per case for the next two years, with the understanding that Event palace must place an order no later than 3 weeks prior to their next shipment. If Event Palace needs a quick shipment or a special order of $300 or more Acme would need to have that item in stock or they would need to add it to the next order, or pay additional damages for rush delivery. If an unforeseen and/or uncontrollable event happens to either party, they may have the option to back out of the contract, for a negotiated period of time, for repairs or termination of the contract, if necessary. Conditions such as plainly non limited, but not limited to, weather conditions, store, warehouse, or personal property damage. The contract will be kept in force, until canceled or change by agreed upon terms by all parties.New engagementOnce we get the con tract back from the retailers we need to sit pig with Nancy, our sympathetic Resources, and get started with the hiring. For hiring the new employees that we will need for the addition work, the steps of advertising for the positions, scheduling interviews, and meeting to choose the correct candidates must be taken. Let us start off by writing the profession descriptions down so we have clear definitions of what each job will entail. Then we can go to placing a couple of online ads with our topical anaesthetic unemployment and the local online job agencies. Then contact the three local Employment Agencies and have them do some of the pre screening for us. With increasing our employee numbers above 15 we will have to ensure that each of our employees will not have any type of discrimination being hired. This will keep us in compliance with the 1964 Civil Rights Act.Once we have the hiring going we will need to watch our scheduling to ensure that we follow the proper picturesque Labor Standards Act of 1938 on the regulations, minimum wage hours worked, overtime, employee breaks and we also follow the Occupational Safety and Health Act of 1970 for the continued health and safety of the business (Rogers, 2012).We want to ensure that employees, both current and new have the understanding of what we expect of them as well as their rights. To do thatwe need to gather up important information that each employee should know at all times, including the US regulation on handling and storing the explosive powers and form an employee handbook. In the employee handbook we need to include Non-Disclosure and Conflict of Interest Statements, Compensation, take a leak Scheduling, Standard of Conduct, General Employment Information (Labor Laws, Minimum Wedge, and Termination Policy), Safety and Security, Media Relations, Employee Benefits and Leave Policies ( lesser Business Administration 2014). We can have this book on the production floor, available to take home and ava ilable to read on one in the break room computers.With the above changes into place I would care to make one more suggestion, as the Manager of the Acme Fireworks with all the new contracts and the new employees I would like to recommend that we displace to a small warehouse located down by the docks in the marina area that has not been in use for a couple of years. The real-estate price is not high for a two year lease and then we could reevaluate where our business has grown we can still keep the Payroll, and Human Resources here in the garage. I just think this will help oneself the business.Business EntityMy suggestion as your manager would be to go limit Liability Company (LLC) and expand to a production warehouse and a sales office. Our current is the entity of a Sole Proprietor, which is good because you and your business are one in the same. The taxes are easy your file one form each year that contain your family and your business and then you are done. You have complete control of what is said and done within the business no one else has the right to seek for your business. The disadvantage of the sole willpower is that if individual got hurt in the business and sued you they are also suing your family as well. You cannot sell stock in your business so it is hard to raise cash and most investors will not invest, and banks are very hesitant to lend money. I would go to a Single Owner Limited Liability Company.The principal advantage of an LLC is that it is structured like a partnership but with limited liability protection for the owner similar to a corporation. Because an LLC is considered a separate entity from its owner, the owner cannot be held personally liable for its debts and obligations of the LLC, absent any fraud. With this choice you would still be the owner, but you would have limited liability, and your families salvage and lifewould not be interrupted if something happened to the business. The taxes in an LLC are not taxed as a s eparate business entity. Instead, all sugar and losses are passed through the business for each member of the LLC. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would ( minuscule Business Administration 2014), or yourself if you choose not to have members. Members can be anyone of your choosing that you would want to share the profits and ownership responsibilities.ConclusionAs this paper come to an end, I have cover each of the aspects that you the owner of Acme Fireworks as requested I cover. I have covered a lot of material in a short amount of time for you and all very helpful for our ripening business. Please use the information wisely and understanding that I am trying to help our business grow in the right way.As a growing company, we need to ensure that our consumers know their rights and we need to ensure that our products have the proper labeling to follow the US Federal Regulations Title 16. With the onslaught of the new contracts and employees the growth of the company I recommend that we as a company go to a Sole Proprietor LLC. This you can protect your business and your family as we grow your business. As always, please feel innocuous to come and talk to me about anything.ReferencesConsumer Products Safety Commission (2001) Fireworks Business direction Retrieved on dreadful 24, 2014 from https//www.cpsc.gov/en/BusinessManufacturing/Business-Education/Business-Guidance/Fireworks/ Rogers, S. (2012). Essentials of Business Law. San Diego, CA Bridgepoint Education, Inc. Small Business Administration (2014) Employee Handbook Retrieved on August 24, 2014 from http//www.sba.gov/content/employee-handbooks Small Business Administration (2014) Limited Liability Company Retrieved on August 24, 2014 from http//www.sba.gov/content/limited-liability-company-llc Small Business Administration (2014) Sole Proprietorship Retrieved on August 24, 2014 http//www.sba.gov/content/sole-proprieto rship-0 Xinsurane 2009, Event Home