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<title>profit-sharing</title>
<link>http://www.bizcovering.com/tags/profit-sharing</link>
<description>New posts about profit-sharing</description>
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<title>How To Set Up A Profit-Sharing Company</title>
<link>http://www.bizcovering.com/Small-Business/How-To-Set-Up-A-ProfitSharing-Company.27039</link>
<description>
<![CDATA[<p>If you have a startup company, and not enough money to hire employees on salary, you can set up a profit-sharing company, with the understanding that those working for your company share in the profits . </p>

<p>They must have other work to supplement their income, with the understanding that they are working with your company to help the company to develop . </p>

<p>First, your company must decide what is it's product . </p>

<p>Let's say you decide to set up an instant store, with Free Store Club or The Bargain Store . </p>

<p>You assign your workers to all work on advertising the store, writing classified ads, sending out brochures, joining advertising forums, encouraging customers to buy from the store . </p>

<p>It is understood that these workers share in the profits. If the store makes very little in profit, they receive very little. If the store receives more in profit, they receive more . </p>

<p>Workers have contracts stating their percentage of profit and/or their percentage of ownership in the store . </p>

<p>You can also have offline profit-sharing companies until your company is able to pay a standard salary . </p>

<p>However, workers must understand that this is the type of company. There are many stores whose few founders agree to work in this manner until their store or company developes enough to pay salaries . </p>

<p>Those workers seeking salaried employment, of course, would not be hired to work for this type of company . </p><a href="http://www.pheedo.com/click.phdo?x=&u=http%3A%2F%2Fwww.bizcovering.com%2FSmall-Business%2FHow-To-Set-Up-A-ProfitSharing-Company.27039"><img src="http://www.pheedo.com/img.phdo?x=&u=http%3A%2F%2Fwww.bizcovering.com%2FSmall-Business%2FHow-To-Set-Up-A-ProfitSharing-Company.27039" border="0"/></a>]]></description>
<pubDate>Thu, 26 Oct 2006 06:11:08 PST</pubDate></item>
<item>
<title>How To Set Up Profit-Sharing Funds</title>
<link>http://www.bizcovering.com/Business/How-To-Set-Up-ProfitSharing-Funds.27191</link>
<description>
<![CDATA[<p>If you're interested in setting up a fund, the best type of fund is a profit-sharing fund, where those who receive from the fund receive a percentage of the profit . </p>

<p>In that manner, the fund is not depleted of its assets. The fund does not go bankrupt. You must also not allow your fund to go below a certain amount, whether this amount is $500 or $100,000 . </p>

<p>In addition, you can require those receiving from your fund to do work to earn money for the fund. This can also be a requirement. Let's say web content writing is the work that generates money for your fund, then those receiving from the fund are required to do web content writing . </p>

<p>These writers are required to write in the name of the fund and/or in the name of the company that manages the fund. With this web content is sold, a percentage goes to the writer, a percentage to the company that manages the fund, and a percentage to the fund . </p>

<p>You can also have fundraisers. For these fundraisers you should sell real products, such as new or used books. It is understood that when people purchase these products, a percentage of the money goes to the fund. You should inform those buying these products the amount of money that goes to the fund. They should also know what type of fund, e.g. if it's a fund to buy books or musical instruments for school children. Or it could be a fund to buy clothing to send to needy children in various countries . </p>

<p>If it is a public fund, then you also need a reputable accountant. This accountant can be a &amp;quot;commissions accountant,&amp;quot; who understands that the accountant receives a percentage of the monies paid into the fund, say 5%-20% as their accountant fee. They cannot receive more money than the fund itself generates, so that the accountant also cannot deplete the fund of the amount that it generates . </p><a href="http://www.pheedo.com/click.phdo?x=&u=http%3A%2F%2Fwww.bizcovering.com%2FBusiness%2FHow-To-Set-Up-ProfitSharing-Funds.27191"><img src="http://www.pheedo.com/img.phdo?x=&u=http%3A%2F%2Fwww.bizcovering.com%2FBusiness%2FHow-To-Set-Up-ProfitSharing-Funds.27191" border="0"/></a>]]></description>
<pubDate>Thu, 26 Oct 2006 06:07:31 PST</pubDate></item>
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