How can issuing shares to employees, whether under an ESOP or not, benefit my restaurant, its growth and my employees?
Employee shares can instill a sense of ownership and investment in your employees. Because you’re looking to expand and scale up the brand, buy-in from your key employees is key. One way to foster dedication and buy-in is to issue those employees shares in the corporation. Restaurants can use the issuance of equity to their […]
It’s never easy to terminate an employee but it is inevitably something most employers will be faced with at some point in time. To protect the business from litigation or financial damages it’s important for every employer to understand employee rights such as reasonable notice during the termination process.
There are a few reasons why one would need a corporation: 1. They provide limited liability. This means that the corporation acts so that the shareholders do not normally exposed to personal liability when acting through a corporation.