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To: GOP_Lady

I don’t know if it was used in this case, but in other ones, the legal angle was that private clubs still cannot expose their employees to secondhand smoke.

The way around that is for clubs to not have “employees”, but instead to have “shareholders”, rewarded for work in shares redeemable for money. The club owner retains 51% of shares.

Interestingly, this can be more profitable for both clubs and their “shareholders.” This is because the club can act almost like a bank with the shares, paying better interest than any bank, in the form of dividends.

So if the shareholders have any extra money, they leave it in the club instead of cashing in their shares and putting it in the bank. In turn, the club can invest the value of those shares in high-yield investments.

This means that the club has a big pool of liquid assets that can be used for capital improvements instead of taking out a high interest loan itself, saving it lots of money.

Best of all, a lot of VA club owners can invest through USAA, so they can get a big rate of return.


18 posted on 05/15/2007 7:15:52 PM PDT by Popocatapetl
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To: Popocatapetl; GOP_Lady
I don’t know if it was used in this case, but in other ones, the legal angle was that private clubs still cannot expose their employees to secondhand smoke.

NO one is forcing a non smoker to work in a Vet Club that allows smoking!

The way around that is for clubs to not have “employees”, but instead to have “shareholders”, rewarded for work in shares redeemable for money. The club owner retains 51% of shares.

I believe that this is already covered.  Vets pay DUES!  Therefore, this should make them a "shareholder."

23 posted on 05/15/2007 8:24:02 PM PDT by SheLion (When you're right, take up the fight!!!!!)
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