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  • #31
    I then plan to pay out 20% of the net as it is a tax deduction for the company, at least here.
    Ok so you would suggest 20% of the net profit be distributed to employees as a bonus? Should all employees be paid the same amount of a bonus or does it depend on their position and their length of employment? What are your suggestions on that?
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    • #32
      Ok so you would suggest 20% of the net profit be distributed to employees as a bonus? Should all employees be paid the same amount of a bonus or does it depend on their position and their length of employment? What are your suggestions on that?
      I am of the opinion 5% would be a min, 20% max.

      All employees should be treated the same in my experience.
      Andy
      Halifax, Nova Scotia

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      • #33
        Andy when you helped other businesses set up these compensation plans, were any of them smaller businesses or did they usually have at least X amount of employees? Should a lawn care business with even a single employee look to offer this?
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        • #34
          Andy when you helped other businesses set up these compensation plans, were any of them smaller businesses or did they usually have at least X amount of employees? Should a lawn care business with even a single employee look to offer this?
          A company of any size could do it, I think the smallest I handles would have been 20 employees, keep in mind I only dealt with corporations for the most part, a small business with one employee....personally I would not do it, I would offer some type of monetary plan rather than shares.

          The past few days have been amazing, I think a lot of this was being over tired. I hired four more people including a ladscape designer and she is amazing, she is somewhat manager of operations, 28 and is very good with the staff and the staff love her. She wants to learn woodworking/snow plowing so I can keep her on year round

          I have been working with the lawn care group and having a blast.
          Andy
          Halifax, Nova Scotia

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          • #35
            personally I would not do it, I would offer some type of monetary plan rather than shares.
            I bet a lot of our forum members would be in this boat. What advice would you have to them with the monetary plan?
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