What is the legal definition of Profit sharing?

In the legal context, Profit sharing means An arrangement in a company or corporation whereby employees and officers share in the profits of the business. Such profit sharing usually constitutes only part of the pay the employees receive for their work.

 

What Our Customers Have to Say

"...in-depth knowledge on business law and practices."
"... nothing short of amazing and help us tirelessly time and time again..."
"... utmost levels of professionalism, work ethic, service, and character..."
"... helped us out while we were under a very time sensitive deadline! We had an international client that needed services same day due to the time zone differences..."
"... understood my case, he resolved my issue quickly and Equipped me with the tools i needed to negotiate a fair and honest contract for my product..."
"... true interest in my concerns during my contractual negotiations and provided me with quick answers..."
Previous
Next

Join
the Fitter Law Legal Subscription Plan
for as little as $25 per month

New User Registration (#26)

CAUTION

Unfortunately, our attorneys only provide legal services in Illinois at this time.  Though you may continue to use this website at your own risk, you may not receive any legal advice or services from Fitter Law, unless it includes matters that are either related to Federal matters or occur within the state of Illinois.

 

 

CONTINUE

 

Fitter Law covers legal issues throughout Illinois on various business transaction and litigation matters.