Comments on: Managing Workplace Relations – Tactics and Case Studies http://www.lawexperts.com.au/not-for-profits/managing-workplace-relations-tactics-and-case-studies/ Expert lawyers from Corney & Lind Lawyers blog about real legal questions Fri, 27 Jan 2012 06:57:14 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: jo Ariel http://www.lawexperts.com.au/not-for-profits/managing-workplace-relations-tactics-and-case-studies/comment-page-1/#comment-1000 jo Ariel Thu, 25 Jun 2009 03:22:23 +0000 http://www.lawexperts.com.au/?p=156#comment-1000 thank you so much, I'll get her to talk with her accountant Jo thank you so much, I’ll get her to talk with her accountant
Jo

]]> By: Andrew Lind http://www.lawexperts.com.au/not-for-profits/managing-workplace-relations-tactics-and-case-studies/comment-page-1/#comment-964 Andrew Lind Tue, 23 Jun 2009 22:41:53 +0000 http://www.lawexperts.com.au/?p=156#comment-964 This tax question is one for your accountant. The issues that come to my mind are: - Is your daughter to be a shareholder? - If she is, as a minority shareholder she would want to see that there was a Shareholder’s Agreement with a clear Dividend policy, expenditure limitations (so that profit does not disappear) and obligations to regularly report to her. - If she is not to be a shareholder – the Employment Contract will have to be very detailed about how profit is calculated, how often and when the profit share payments are to be made. Find out more about our <a href="http://www.corneyandlind.com.au/services/business-law" rel="nofollow">Business Law Services</a> & <a href="http://www.corneyandlind.com.au/services/employment_law" rel="nofollow">Employment Law Services.</a> This tax question is one for your accountant.

The issues that come to my mind are:

- Is your daughter to be a shareholder?
- If she is, as a minority shareholder she would want to see that there was a Shareholder’s Agreement with a clear Dividend policy, expenditure limitations (so that profit does not disappear) and obligations to regularly report to her.

- If she is not to be a shareholder – the Employment Contract will have to be very detailed about how profit is calculated, how often and when the profit share payments are to be made.

Find out more about our Business Law Services & Employment Law Services.

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