Fair Labor Standards Act Advisor
New Business
When a new business begins, the employer will be unable to determine its annual dollar volume for a full 12-month period. In many cases, it is readily apparent that the enterprise or establishment will or will not have the required annual dollar volume specified in the FLSA ($500,000 or more). In other cases, where it is not readily apparent that the business will or will not meet the required annual dollar volume specified in the FLSA, the gross receipts of the first quarter will be taken as representative of the annual dollar volume of the company/organization for purposes of determining the employer's obligations in workweeks in the following quarter year period. A similar analysis is performed after each quarter of business until a full 12-month period is achieved.
In order to determine the estimated annual dollar volume of sales or receipts for your new business enterprise, enter in the spaces provided below full quarterly sales amounts or receipts to date and click on Continue. Use calendar or fiscal quarters as appropriate for your business.