Bonus and Incentive Programs: Profit-Sharing Legalities and Potential Pitfalls
Posted By American Med Spa Association, Friday, September 2, 2016
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The two most common structures that business owners use for bonus programs are performance-based models and profit-sharing retirement plans. Before proceeding, it is imperative that you as the business owner seek the advice of a trusted advisor who fully understands your practice and your motivations for starting a plan. Why you are starting (or amending) an incentive plan will be very important to determining what type of plan you implement.
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