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Business Administration in the United States
Overview by Globlatrade.net: Setting Up a Company
Legal Business Entities
| Types of Companies and Capital (Max/Min) | Number of Partners/Shareholders and Liability | Registration Fees |
| A sole proprietorship | 1 person | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
| A General Partnership | At least 2 partners. | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
| Limited Partnership | In addition of general partners there is one or more limited partners | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
| Limited Liability Partnership | At least 2 partners | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
| A Public Limited Company (PLC) | At least 2 partners. | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
| A Private Limited Company | At least 2 partners. | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
| A Corporation half way between a joint stock company and a Private Limited Company | No minimum. | Company name and statutes registration: USD 275; Publication certificate: USD 50. |
- Business Setup Procedures
- The status are composed of a Certificate of Incorporation and of (by-laws). The corporate name must be registered, by checking that it is not being used in the State or in the state(s) where the company intends to do business.
- The Competent Organization
- The U.S. Securities and Exchange Commission. The certificate of incorporation, also called Doing Business AS (DBA) must be registered with the Trade Register of the State where the company is located. Only General Partnerships do not need to be registered.
- Search a Company or a Financial Report
- USPTO, United States Patent and Trademark Office
Working Conditions
- Legal Weekly Duration
- 40 hours.
- Retirement Age
- 65 years.
- Working Contracts
- The contract determines if the employee is part of the regular or non-regular staff. Full time employees form the regular staff. Among the non-regular staff, there are different types of contract: part-time workers, temporary workers, Interns.
Cost of Labor
- Minimum Wage
- The federal minimum wage for covered nonexempt employees is USD5.85 per hour effective. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.
- Average Wage
- Weekly average wage in USA is USD 818.
- Social contributions
- Social Security Contributions Paid By Employers: 7,65% (medicare + social security), 6.2% Unemployment
Social Security Contributions Paid By Employees: 7,65% (medicare + social security)
Social Partners
- Social Dialogue and Involvement of Social Partners
- Today most labor unions in the United States are members of one of two larger umbrella organizations: the American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) or the Change to Win Federation, which split from the AFL-CIO in 2005.
- Unions
- Unions
- Unionization Rate
- Union Membership had been steadily declining in the US since 1983. In 2007, the labor department reported the first increase in Union memberships in 25 years and the largest increase since 1979. Most of the recent gains in union membership have been in the service sector while the number of unionized employees in the manufacturing sector has declined. Most of the gains in the service sector have come in West Coast states like California where union membership is now at 16.7% compared with a national average of about 12.1%
- Labor Regulation Bodies
- Department of Labor
U.S. Bureau of Labor Statistics
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