EO 133-02 Corporation Management

Issued by avery6667

Section 1: Business Grants

1.1 New corporations will be entitled to a grant of 1000 tau for purposes of business expansion and the hiring of employees, this grant may not be paid out to the personal account of the business owner.

1.2 Corporations may apply for specific use grants of up to 1000 tau. Applications may be made to either the Secretary of the Economy or the President, and must specify the amount requested and what the grant will be used for.

Section 2: Business regulations

2.1 The minimum wage for employees shall be 100 tau a week

2.1.1 If businesses cannot afford this rate they may either apply to the Department of the Economy for a temporary exception or to the Department for the Economy for a weekly grant which will cover a maximum of 75% of business payroll cost up to a maximum of 500 tau a week

2.1.2 2.1 shall come into affect on Saturday the 18th of January

2.2 Corporations must conduct all business through their special corporation accounts. Business transactions may not be conducted through a users personal tau account

2.2.1 Conducting business through a personal account shall result in the corporation being unincorporated