Parliment of Fallooplesburg

History

TBA

Legislation

All Passed Legislation will be put here.

November 2020

Business Classification Act (BCA)

Article 1 Under this act, all Fallooplesburgian owned buisnesses must be ranked on the POI Scale. The POI scale ranks on three categories: Profit, Ownings, and Investments. Profit is how much a buisness makes, Ownings is how many properties, brands, products, etc. the company owns and has made money from, and Investments is how much money has been invested into a company. There are seven levels of each and whatever your average is becomes the companies' classification.

Article 2 Based on your companies classification number, you are required to have a certain number of employees. How it's found how many employees a company will need is a company will take profits take a quarter and divide it by minimum wage. This is in place to keep the unemployment rate in check. Your buisness classification must be updated monthly or annually, and the company can decide when they want to update their classification

Article 3 Class 5 or higher buisnesses are required to have a legal team appointed by the Parliment to make sure all company happenings are legal, and if they operate internationally make sure happenings follow other country laws. This is to avoid large scandals that could hurt Fallooplesburgian buisnesses in the eyes of the locals and internationally, and keep Fallooplesburg's economy moving.

This act was proposed by Erika von Mairel And passed Parliment on November 24th 2020