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Profit sharing

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Distribution is the process and the result of distributing (the action that consists in the distribution of something in different places or that implies its division in different pieces or fragments). The utility , meanwhile, is the gain or the benefit that can be obtained from something.

The concept of profit sharing It refers to the profit sharing who achieved a company or that produced a certain operation or activity. In several countries, profit sharing is an obligation that companies have reached by certain legal criteria.

In this sense, the distribution of profits consists of a payment that the company performs to its employees according to the earnings obtained in the market. In other words: a certain percentage of those earnings is distributed among the workers.

The tax returns of companies determine whether or not they are bound to share profits. The amount to be distributed, on the other hand, also arises from these statements , since it depends on the profits achieved and recognized by the firm.

In addition to all of the above, analyzing the different regulations and international laws in this regard, these other data of interest about profit sharing are determined:
-The amount of money to be distributed can be divided in a different way, although the usual thing is to do it in two: one that will be distributed among the workers of agreements to the days that they have performed their functions throughout the year and another that will be granted proportionally at the level of income.
-Employees who have worked a minimum of sixty days a year are those who have to be included in the distribution of profits.
-In Mexico it is established that the aforementioned distribution is not required to undertake both the newly created companies and those that have a smaller capital than the one set by the Ministry of Labor for that purpose or public institutions that are decentralized and perform tasks welfare, cultural or social.
-In the aforementioned country, it is also determined that the eventual workers who have been less than sixty days, the domestic workers, the partners and shareholders of the companies and the technical professionals who provide their services in the company are not entitled to receive said benefit. issue but not part of your template.
-It is important that the representatives of the workers are up to date with the annual tax declaration of the entity, where they will be able to find out if they made a profit, and that they conveniently inform the employees so that they can know if there is a profit distribution.

The distribution mode is associated with salary of the worker and the number of days he worked during the period in question. The company must present to the workers a copy of its tax declaration so that everyone can know what amounts are involved in the distribution of profits.

Then you create a commission formed by representatives of the company and workers to establish the participation of each employee in the profits. In case an agreement is not reached, the State , through certain labor authorities, must intervene to mediate.

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