what is corp to corp employment ?
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It is a business that works with a nutther business for all their employment needs.\n  Eve
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My answer is based open a single employee (owner/operator) working a forty hour week. Do not change this scenario.\n\nAt this stage you need to remove all of your emotions from this business. (The banker/investor only wants facts)\n\nWhat would a fully established corporation pay you as an employee for this service. Convert salary to hourly. To help simplify this I will use $20.00 an hour.\n\nUnderstand that service is a product, and, product has a true cost. (leave any material, parts or supplies off for know.\nWhat does a twenty dollar an hour employee cost to operate. A twenty dollar an hour employee actually cost the company much more. \n\nNow the required additional cost.\n#1 The FICA tax that is removed from an employee's pay check is only half of the required tax. The company pays the other half has to be matched by the company. \n#2 Add the required workers comp insurance for this service. The rates will vary based upon the risk rating of this category of employee. New business usually pay additional, because, there is not an established annual loss ratio.\n3# Add general liability insurance. These rate are based upon the risk rating of this category of employee. New business usually pay additional, because, there is not an established annual loss ratio.\n\n4# Add two weeks paid vacation then divide by the total hours in a work year. (this is not exact because you still have to add workers comp, general liability and half FICA)\n    (2) 40 hr weeks = 80 hrs\n        80 hrs X $20.00 per hour + $1,600.00\n        $1,600.00 divide by 2080 annual hrs\n         That adds approx .77 per hour\nAdd allowed paid sick days per year. Then use the above vacation formula.\n\nThe employee above is costing you forty hours a week, but, can only produce 60%-80% that is billable. Why? Federal law requires an employer give each employee (2) 15 minute paid breaks in an (8) hour day. Drive time to and from the job or service location. There are additional adds based upon your service.\n\nWe are now at between $30 and $60 per hour.\n\nThen add additional material, parts or supplies. You are responsible for them once they are installed now they become risk, so, you have to add mark up. Dou you have to pick them up. There goes additional production time loss.\n\nThe above can be separated between job cost and overhead. \nIf you work 30 of the 40 hour work week at Mr. Jones (customer)location. This should be applied to an accounting created file or job for Mr. Jones. This is not overhead. The additional 10 hours will go to overhead. If this were reversed. 30 hrs goes to overhead 10 hrs to job cost. Overhead is a killer. \n\nNow we need to add more overhead. Do you need phones, paper, lights, marketing, interest on a start up loan, someone to do your day to day accounting (Remember, this is based upon a single owner/operator company)so you outsource this (overhead) do it yourself (then you have to modify everything above because somewhere in your forty hour week you have change your hourly rate, workers comp rate and general liability rate to meet there going rate and cost), I would recommend out source at first. You are usually a bigger asset to the company doing what you know. \n\nNow it is time to remove you as the employee and you back in as the owner. This is why you started this. The owner has to be paid. Why go through all the above if you could make the same pay with 1/10th of the stress working for someone else. If you have a bank/investor, he wants to see you take reduced pay until you show a move from the red to the black. He will see the reduced pay as you taking on some of the risk. If you take 0 pay it will alarm him. He knows and understands everything involved above. This will give him the impression that you are not 100% confident in your plan. \n\nThen what is the most important thing of all is profit. Everything above is job cost or overhead. Profit is what this is about. If you have a great business and a great product,
321313
Apparently you've never worked for a corporation.  You'll find that they higher up in the corporation you go, the more your statement is true.
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Hello,\n\nIf an employer no longer needs you to do your job and cannot find your an agreeable alternative job in the company, then they give you redundancy pay.\n\nBasically, they pay you to leave your job.\n\nThanks
183498
Fill out a lot of forms.  A corporation is a legal entitiy and requires serious consideration.
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Typically, corporations have 260 days per year.  52 weeks and 5 days per week.  If you don't count the holidays, it depends on the company but might be 5-10 days fewer.
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depends on if it is a franchise or corporation. corp is 16 franchises can be 15 with work permit. and why Big Lots and Family Dollar?
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This is a very complex contract question and you may need to seek help from CAB, a local Law Centre or a union if you belong to one. If you work for a limited company then that company is the legal person who you have a contract with and it does not matter who owns it the contact persists.  If that company wishes to amend the contracts of employment there are ways.  As a general rule they should be able to show that is it necessary for the good of the business, that if the changes are to your disadvantage you are adequately compensated, you get reasonable notice of the changes. The problem with answering this on this forum is that the devil is in the detail which is why you really need an experienced employment lawyer who can ask the relevant questions. In principle it is not possible for contracts of employment to be cast in stone by their nature they must be able to change because the business environment changes.
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What is your charter of duties?\n\nSome people draw your charter of duties and tragets from the same biz plan. It is a document that will explain your understanding of the company business, what opportunities are there, and how do you intend to contribute to the company.
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you would be an employee of a certain company a parttime employee
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No, in the US an employor can even reduce your current salary anytime they want to ( unless you have a written contract or union agreement)\n\nIf you are changing jobs with the same boss, most likely they will hold your pay unoless the transfer is to a lower position.\n\nIf you are changng companies, then you go to what ever the going wage is.
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One thing to remember you are shifting from a "Technician" to an Entrepreneur.\n"Technician" mean you may be good at a particular skill, whatever it is plumber, accounting, computer etc,.\nNow you want to be a boss and invest your time and money as an "Entrepreneur"\nBecome an Entrepreneur, you wear different hats as Boss, Personnel manager, Accounting manager, Marketing manager, Sales manager and probably still a Technician too.\nAs a boss, you have to implement a strategy for your corporation.\nAs a personnel you have to know how to control your workers which you are liable for their behavior.\nAs a Accounting manager you have to budget your money, the cash flow, determine how much capital you need to start up and how much reserve you have if the situation not as you expect. Over half of small business closed within a year or even few months.\nAs a Marketing manager, you have to market your company to your target using differ means, channels\nAs a Sales manager or salesperson, you have to train or know how to sell your product/service.\nAnd there are some other postions that you may need to do it too such as receptionist, filing clerk, data entry etc.\n\nGood Luck!
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Yes, you can switch from LLC to C corp and vice versa. S corp is really just a TAX election of a C corp, not a different entity form.
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Corporation: -\n\nA legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. \n\nThe most important aspect of a corporation is limited liability. That is, shareholders have the right to participate in the profits, through dividends and/or the appreciation of stock, but are not held personally liable for the company's debts.\n\nCompany:\n\nA proprietorship, partnership, corporation, or other form of enterprise that engages in business.
127979
personnal or corporate ?
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from your   employers
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The so called corporate downsizing is a normal cycle for some businesses.  As with most things as corporations evolve they pick up extra assets that at some point have to be done away with or the corporation will not be able to compete.  These parts of corporations that are done away with are not lost, often they are picked up by other companies which restructure them into viable, productive entities that can compete with other companies.  Even those assets that are salvaged out are not lost in that the funds are reinvested into the primary corporation to make the better at competing.  These efforts make the jobs remaining better and more solid.