RICHARD ALLEN SMITH
Burglar Alarm in Orem, UT
License number
Utah 8655041-8009
Issued Date
Apr 26, 2013
Expiration Date
Jul 25, 2013
Category
Burglar Alarm
Type
Temporary Burglar Alarm Company Agent
Address
Address
Orem, UT
Professional information
Compensating An Individual Involved In A Business
US Patent:
2012019, Aug 2, 2012
Filed:
Jul 29, 2011
Appl. No.:
13/194809
Inventors:
Troy W. Muhlestein - Springville UT, US
Richard T. Smith - Orem UT, US
Jon P. Holbrook - Draper UT, US
Richard T. Smith - Orem UT, US
Jon P. Holbrook - Draper UT, US
Assignee:
Sequoia Growth Partners, LLC - Orem UT
International Classification:
G06Q 20/22
US Classification:
705 39
Abstract:
A method of compensating an individual involved in a business is disclosed. The method comprises putting money from a business into an accumulation pool. Further, the method comprises allowing an individual involved in the business to participate in the accumulation pool after the individual has satisfied pool participation criteria. The pool participation criteria being defined in part by a number of individuals involved in the business as a result of the individual. Still further, the method comprises determining a share of the accumulation pool for the individual and determining a percentage of the share to be paid to the individual according to share percentage criteria. The share percentage criteria being defined in part by the number of individuals involved in the business as a result of the individual. Additionally, the method comprises paying the individual an amount from the accumulation pool according to the percentage of the share.