The phrase sharing is caring turns into sharing is making a profit when it comes to business. So if you are trying to invest in a business that requires more money than you have at your disposal at the current moment, then you must use a sharing plan. It is also effective if you want to share the risks involved in investments.
5 Steps to Create a Sharing Plan in MS Word
Step 1: Create the Top Sheet
The first thing that you need to create is the top sheet. The top sheet should primarily be used for recording the version number and also the description of the changes made. So on the top, write down the title ‘Profit Sharing’ and below that the name of the company. Also, write the version and date of the current document. Use a table to record the details discussed earlier.
Step 2: Formulating the Plan
In the next section, you should describe the plan for the business. It should include all the details related to where you are investing, where you are collecting money from, etc. Also, mention the requirements that need to be met in order for the deal to happen. Also, mention the exclusion scenarios as well.
Step 3: Participation and Contribution
The participants of the share plan are eligible for certain rights and privileges. All these details should be mentioned in this section. The documentation that is needed for the purpose should be done properly, and a copy should be given to each of the participating shareholders. The contributions made by each party should be clearly mentioned in this place.
Step 4: Share Ratios
Not everybody would be contributing the same amount of resources in the investment, and because of that, they would not all be getting the same amount of profit share. To make sure that everybody is getting the amount that they are actually entitled to the shares should be mentioned clearly.
Step 5: Terms and Conditions
The deal would have its own terms and conditions. Those clauses need to be mentioned here. It might so happen that a person wants to withdraw from this contract after a point of time. What is to happen in that case? What are the procedures that he needs to follow? All of that should be mentioned in this section.
8+ Sharing Plan Templates
1. Profit-Sharing Plan Template
A detailed profit-sharing plan is very difficult to create, more so because of the time it takes. It is always much less time consuming to just download plan templates in Word, like the one here and edit it. If you need other business document templates like a management plan, then you should bookmark our site, for we have plenty of them.
2. Profit-Sharing Plan for Self-Employed Individual Template
If you have been searching some old template site trying to find something that would help you write a profit-sharing plan keeping in mind that you are a self-employed person and have found nothing, then stop. You are wasting your time. Download and open this plan template in Google Docs. This has been specifically created keeping your situation in mind.
3. Restaurant Profit Sharing Plan Template
Before you can start proposing a share plan you need to have a ready work plan. If you have already done that part and are ready to move to the next step then take a look at this restaurant profit-sharing plan. We have similar templates for other businesses as well. So whatever be your need, don’t forget to check out our site first.
4. Resource Sharing Plan Template
Creating a resource sharing plan can be a tedious job if you are doing it from scratch. That is why we recommend that you download this professional sharing plan that includes a business plan. This would considerably decrease the amount of time that you have to spend on creating the document all by yourself. Check out our sample action plans as well for you might need them later.
5. Data Sharing Plan Example
In order to create a proper data sharing plan, you should spend some time doing research, considering this is your first time attempting this. For that, you don’t need to look any further than this template. Download it now and start preparing the plan right now. There are other plan examples as well that you can find on our site if you need more references.
6. Employee Profit Sharing Plan in PDF
Some companies, especially start-ups, instead of giving a high salary, share the profit with the employees. If you are a start-up and would like to keep similar provisions in your company as well, you need to create a document for that. If you don’t know how to create one, this plan template would be of immense value to you. You might as well look at our monthly sales plan as well.
7. Knowledge Sharing Plan Template in PDF
The greatest resource in this world is not gold or oil, it is knowledge. That is why the fastest-growing nations invest in knowledge and that is why knowledge sharing plans have come into being. If you are unfamiliar with the concept or don’t know how to create such a document, give this example a try. Check out our plan templates in Pages if you are more comfortable using Apple’s software.
8. Data Sharing Plan Template
Creating a data sharing plan for the first time might seem intimidating. But it does not need to be so; especially when you can download this sample data sharing plan. You might have checked out our budget plan previously. This one is just as easy to use as that one. So don’t wait, download this template now.
9. Profit-Sharing Plan Template
Running a business involves a lot of documentation that takes up a lot of your time. Having templates helps you to cut down on that time. Thus you are able to get more things done in less time. So if you were thinking of creating a data request profit-sharing plan, try out these templates. There are many of these on our site that you can download if you were looking for a little variation.