Over the last year or so, I've
spent a lot of time researching
a profit-sharing plan.
One reason is that at the
age of 43, with 20 years in the business,
I've begun to think about retirement
more frequently. A profit-sharing plan is
a good way for a business owner to put
some additional money away, but my
main reason for forming a profit-sharing
plan was to attract and keep key
employees. In my very competitive
skilled-labor market, I hoped that profitsharing
would be another aspect of my
company that separated us from the
crowd. I also wanted my existing
employees, some of whom aren't so far
from my age, to have a vehicle that
could give them