Straight Commission Case Study

It is vital that individuals are aware of the responsibilities they must fulfil as employers, it also sets the foundation for employees to understand what to except from their employers. As stated previously its established legislation that an employer makes his employees aware of their rights within a contract. An employer owes their employees with certain duties either by an employment contract or legislation established. The employer has the responsibility to ensure that their employees are paid if the employees fulfil their duties. The role of an employer is to provide work for their employees to do. However in cases regarding commission based work, if the employer isn’t providing work for their employees they could potentially have broken

1. To get started, list the names of all entities provided in the business rules above.

The last business option that will be discussed is the Corporation. A Corporation is “a fictitious legal entity that is created according to statutory requirements” (Cheeseman 478). The biggest advantage of a corporation is the protection of personal assets. Shareholders, directors and officers are typically not liable for the company’s debts and obligations. This is limited to the amount of money they have invested into the corporation. Since the corporation is separate from the owners, transfer of ownership is an easy task. Also corporations are generally taxed at a lower rate than individuals in the United States. A corporation is not as simple to form or maintain as other business formations. Articles of incorporation must be filed with the secretary of state and an organizational meeting must be held to elect a board of directors. A corporation also requires, at the least, an annual report so that creditors that do business with the corporation can determine the creditworthiness of the corporation. Also the corporation is taxed on its profits

I wanted to reach out to let you know that I am here for you and the team if you need me to assist with compliance concerns or questions. I know I have been out of commission for a few weeks on an unscheduled leave of absence, but I am back now and ready to plunge back into NERC related subject matter! I look forward to hearing from you if the need arises!

For this task I have been asked to describe the legal and financial aspects that will affect start-up of the business

Before you ;can open the doors to your new business, you will need to choose a business entity. This will be your identity for tax and other legal purposes. The entity that you choose will determine how you are taxed, how much liability you have, and how you have to keep your records throughout the year. Your business entity will also dictate how large your business will be able to grow, if you can have investors, and how you will be viewed by the global market.

New employment agencies dealing with temp and contract workers face no shortage of challenges regarding profit margins. You need to meet your overhead costs (office rent and supplies, admin, compliance, etc.) and ensure that your team is securing target numbers for placements made.

The job of an agent isn’t like a conventional job. It has no set number of hours, and is essentially an on-call career. The best agents have a passion for their job, a wildly amazing work ethic, and work hard whether they get paid or not.

Also, I forget to ask about how much commission do I get per customer? I just want everything to be clear so that there will not be any misunderstandings in the future.

To establish a good working relationship with a temp agency, meeting the staffing representative in person, is a must. A personal, working relationship will assist the temp agency in taking a hands-on approach to your specific business needs. Many temp agencies will send representatives to the workplace to gain more understanding of the work environment, layout of the office, job expectations, parking, and where temps will be taking breaks, and lunches. This personal visit will help the agency coordinate a temp worker’s personality and skills with the work environment.

As I was going to the DISC assessment, a picture of a salesman came to my mind. About four years ago my wife and I went to purchase furniture for my new house in the very reputed furniture store in Houston. I had to heavy shopping for my whole house. I am naturally "C" type of personality, and I need time to process the information I get before reacting. A salesman came and approached me and suggested me a couple of furniture. He showed me almost all items of furniture, he kept insisting me to buy, but I asked him to give us enough time to think. He didn't want to spend much longer and left with the frustration I could see on his face. Now I can describe him as a “D” personality type. As a “D” types personality person, I believe that he immediately may have thought that I am not serious about buying since I didn't respond quickly.

A business entity is not only the identity of the company you are creating, but also determines the type of legal structure your new business will have. This decision is complicated, and possibly the most important item you will decide when you start a new business venture. There is no single type of entity that is better than the rest. Your choice will have to be made based upon your requirements and future desires. There are five commonly used business entities; partnerships, sole proprietorship, C corporations, S corporations, and Limited Liability Companies. To pick the business entity that will suit your needs, you should consult a local Tax Preparer or accountant.

The agent will get a fixed agency fee and a variable incentive fee payable as return.

Free. This can be a double-edged sword. I always hated it and tried to enter the office where I was not all that comfortable and full of distractions in the work environment. I have always been more ingenious ways. However, this is not appropriate in the circumstances of each individual, especially those with families. (If working from home is not going to work, responsible suite is plentiful and cheap.) In addition to the home office, you're free to build your time as you see fit. That is why it is a double-edged sword - some people do not have the discipline to make this work. But if you do, you can be larger than is necessary to comply with the company's plans are more productive.

As mentioned above, the business must be registered either as a limited company or a limited liability partnership. Different types of companies have different requirements and application documents needed. More information will be discussed below.