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Add Profit Sharing Plan eSignature

hi it's Mike McCalla let's hear the author of profit first and I want to show you a simple calculator you can use to do profit distributions with your team so if you want to do a profit share this is the tool and it's very simple first you just document the quarter you're doing it for so say this is q1 2021 how much money's in your profit account now if you're following the progress principles this is the no temptation account what's your distribution percentage where I guide in the book is 50 percent of the accumulated funds so if there's a thousand dollars in here it's a $5 distribution and then you put in the dollar amount here so 500 would go here owner's percentage typically what I suggest but this is modifiable is 80% to the shareholders of the organization the ones who took the risk the ones who are creating jobs and 20% to the employee distribution so say here's $500 that's $400 for the owner or owners that's $100 to be shared with employees then you look at the number of employees you have we do they have to be here at least one year so if I have two employees there's $100 in this account the individual employee distribution is a $50 quarterly bonus for each person that's how simple this system is and of course the percentages are up to you but we've been doing this for quite a few years now and found that these percentages that are in here by default very effective I'm wishing you tremendous success tremendous profits and here's your health and wealth oh and for more tips like this go to Mike motorbike com