Explain potential personal liability for injuries to consumers caused by the product

Review the assignment requirements for the Final Paper in Week Five. Submit a proposal for your Final Paper in a two to three page paper that includes the following:A thesis statement based on the Week Five assignment.An outline of the major headings and a one to two sentence description of what you will discuss under each heading.One article from your literature review using the Annotated Bibliography Guidelines below: State the complete bibliographic citation for the article using APA format.Provide a summary/abstract/annotation of the article which means to list the major topics discussed in the article.Your paper must be two to three pages in length (not including title and reference pages) and must be formatted according to APA style as outlined in the approved APA style guide. You must cite at least three scholarly sources in addition to the textbook.Week Five Final PaperYou are the manager of Acme Fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietor and the owner has never changed the entity. The company makes and sells fireworks. The owner has informed you that the company has received inquiries from several large retailers about the company’s ability to fill large orders on a regular basis. The owner told the retailers that the company could fill such orders and a price per unit was agreed upon. No other details were discussed. The owner is anticipating that new employees will need to be hired but is worried that if the large orders do not continue the company will not have the funds to pay the new employees. The owner is now considering changing the business entity but does not know what entity to form or how to form it.The owner has asked you to do the following:• Explain potential personal liability for injuries to consumers caused by the product.• Analyze whether the owner formed a contract with the retailers applying the five elements as discussed from Week Two to the hypothetical facts.• Analyze how different employment types could be used with application of hypothetical facts.• Recommend a new business entity. Provide a rationale to support your recommendation.

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