Are all three of your stores under the same corporation? If so, separate them. My stores are separate, with separate staffs, delivery areas, bank accounts, FEIN and sales tax numbers numbers ect. Can’t see any reason to keep them together. No reason to have the liability of one weighing on the other.I read that if your total number of employees is over 50 but your FULL TIME (30+ hours weekly) is not that the remainder of those employee hours will be pooled together. Does anyone know if that is true?
As it stands I have 31 FT with a total of 75 employees. If that above statement is true then I have 45. I am barely making enough money to cover my debt service and other normal bills and can barely keep up paying my health insurance right now. I have 1 employee covered on my plan as well and I pay 100% of it. At this point, with ObamaCare on the horizon it restricts me from growing my sales.
I also read that if 1 FT employee who is qualified for the government funded plans (Under $28,000 yearly) gets a plan then the employer will be fined if they are someone in my situation of over 50 total employees, again I don’t know if that is true either.
Either way the only way I see myself surving this is to sell one of the shops.
Adding 5 cents to every pizza might help an independant who is already at $20 for a pizza but the price of my pizza will have to triple. I know I should charge more but being connected to a chain of idiots I am forced to stay close to them.
I do get big breaks on my insurance coverages and my employees work in all stores (some never do but many). Might be too late to seperate them. They do have seperate bank accounts and such…FEIN and SCorp same though.Are all three of your stores under the same corporation? If so, separate them. My stores are separate, with separate staffs, delivery areas, bank accounts, FEIN and sales tax numbers numbers ect. Can’t see any reason to keep them together. No reason to have the liability of one weighing on the other.
I admittedly haven’t read the health care law, but I don’t think this could be the case. A corporation is it’s own legal entity - you are merely a shareholder and employee.But I also read that even if I had 3 seperate since I am the common and they are same dba it lumps me back together anyway…again unconfirmed.
I read that if your total number of employees is over 50 but your FULL TIME (30+ hours weekly) is not that the remainder of those employee hours will be pooled together. Does anyone know if that is true?