I'm sure you'll correct if I'm wrong, but I thought that it was only required if you have at least a hundred employees. If that many people depend on you, at what point do you need to think of their welfare, in addition to making a profit? This won't effect poor entrepreneurs who are toiling away with no money.
I rest my case. You have no clue of what you are talking about. I'll correct you, because you are wrong.
maybe you should find out what exactly a small business is. a small business is usually a privately owned corporation, partnership or sole proprietorship that employees 500 people or less.Did you get that? 500 people or less.
Let me just [point something out to you Mr. Know It All. A business is not a charity. It's main function is to make a profit. If said business does not make a profit all anyone will be doing is thinking about the employees welfare because there will be no money to pay their wages and benefits.
Now, I along with a business partner own a manufacturing plant (we make things) that runs two to three shifts and employees over 200 people. So as you can see I meet the threshold of over 100 employees and yet I am still a small business because I employ less than 500 people.
I would say that I think quite a bit about the welfare of my employees, since They have full time employment and medical and dental insurance as well as other benefits. I would also point out that my employees wages and benefits insurance premiums are paid for before those of my own children since they re paid before I can even take a dime out of my business. I would also say that I must care a great deal about the welfare of my employees, since I offer them full time employment and health insurance instead of cutting their hours to part time. I also must care about my employees since I continue to fight an uphill battle against this government to keep my businesses doors open and my employees employed, sine I could close the doors to the business, sell off my
bldg. , inventory and equipment and retire somewhere with less headache than keeping my business going.
What would you know about "poor entrepreneurs" ? Do you ave any idea of how much it would cost to open a bindery? A cannery? A tool and die? I didn't think so. You have no clue of how fast a company can go from making millions in sales to bankruptcy, do you? You think that as owners we never have to put more money back into our businesses? Maybe you aren't aware, but many small business owners actually take home and live on less than many of their employees. And I'm sure you have no clue about how business owners are taxed.
Let me point out to you again, the sole purpose of a business is to make a profit, other wise it would be called a charity and not a business. One other little nugget of truth that fools like you fail to get is that by serving my own interest, those of my family and my business I am also serving the interests of my employees who would be otherwise unemployed.
It seems that those selfish, but informed business owners care more about our employees than all of the uninformed people with ideas such as yours do. After all, with me they have a job and benefits , what do you have to offer them?When I close the doors to my business because it's easier than fighting the up hill battle morons like you keep placing in front of people like me, are you going to hire them to work for you? I didn't think you could.
Like I said, you sure do post a lot but you don't think so much.
Aside from the name calling, you really make yourself sound like a martyr. Maybe you and the other suffering misunderstood business owners should go live in canyon and study the works of Ayn Rand, and let society collapse without you, our masters....
I realize you think your employees should have more gratitude for the jobs you've given them, but can't you at least afford healthcare? Sheesh! If small businesses are defined as employing under 500 people then their ought to be a category for legitimately small businesses. Overall people will live better lives with higher quality jobs, including business owners. The lives of everyday people will be greatly improved by this, and businesses will flourish. It's capitalism, and if you go out of business someone will take your place!