STRUCTURE AND COMPENSATIONS

MultiMedia Designs, LLC

Multimedia Designs is a high quality and unique company organization in that all staff and owners work from their own desired location and make their own hours around our clients needs.   In effect, Multimedia Designs, LLC is a fully Virtual Company.  The goal is to get the highest quality staff, at the lowest possible price, keeping in mind that life needs are just as important as business needs.   In this way private life and activities are possible.


Positions & Compensation Policy

OWNER (CEO, OWNER) – for every $100,000 of company gross income. 
$30,000 base exempt salary 
Bonus eligible
Benefits: Assistance with Health Insurance. Internet, computer, car allowance, mobile phone supplied as needed. 
Self determined hourly and location according to client needs.
No income or benefits when company grosses under $100,000 per fiscal year.

EXECUTIVES (COO, CFO, VP) – for every $100,000 of company gross income. 
$25,000 base exempt salary 
Bonus eligible
Benefits: Sick Pay, 3 weeks Vacation, assistance with Health Insurance, Internet and computer supplied as needed.
Self determined hourly and location according to client needs.
No income or benefits when company grosses under $100,000 per fiscal year.

MANAGERS/PROJECTS LEADS – for every $50,000 of company gross income. 
$15,000 base exempt salary
Bonus eligible
Benefits: Sick Pay, 2 weeks Vacation, assistance with Health Insurance, Internet and computer supplied as needed. 
Self determined hourly and location according to client needs.
No income or benefits when company grosses under $50,000 per fiscal year.

PROFESSIONAL STAFF
At will, exempt salary or hourly as agreed. 
Bonus eligible
Benefits: Sick Pay, Vacation, assistance with Health Insurance, Internet and computer supplied as needed. 10 days vacation per full time status per year.
Self determined hourly and location according to client needs.

CONTRACTORS
Full payment of contract upon completed work. 1099 for individual or business.
Self determined hourly and location according to client needs.
Benefits:  None


BONUS CRITERIA

When company income is above $250,000 gross with a net of $200,000 and a company reserve of $100,000  Bonus of 1%-10% may be allocated.


Created January 1, 2009

INVENTION AND SPONSOR SHIPS POLICY

The owners and executives are encouraged to find new avenues of possible income generation, including sponsoring other possible companies for a mass portion of the profits.   

The goal is to invent and be self-sustaining. To generate new avenues of income for all, owners, executives and staff.   As such, given the pandemic, Multimedia Designs has licensed and sponsored, as a division, VirtualHorseSport.com.  Multimedia Designs, LLC  supplies the servers and internet connections with the patent owner doing the database work, free of charge.  In return Multimedia Designs, LLC will received 100% of the net profits up and to our yearly license fee.  80% Net profits and 20% to patent owner afterwards.  

For more information about virtualhorsesport.com, a division of Multimedia Designs, LLC, please email at: virtualhorsesport@gmail.com


Created March 2020

ourprocess2
corevalues2