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Q: How should I set up profit sharing plans?
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Profit Sharing Plans
There are a variety of profit sharing plans you can use as guidelines when you are setting up a profit sharing agreement. First, you'll need to decide whether you are going to pay for leads or sales. You'll also need to determine whether your profit sharing plan should include various tiers (paying different commissions to those who sell more for you).
You'll need to define minimum payment levels and how often you pay. There are also different methods of payment, which can be made by check, bank order, or through an online service like Pay Pal.
Make sure you have all of your ducks in a row when setting up a profit sharing agreement.
