Quizzes & Puzzles25 mins ago
Impliction of taking over existing business
Hi Posters:
I need to seek some advise regarding to buying a business to run. The current business owner employs a few part times and 2 full time staffs.
My concern is that because some of the staffs may have worked for a long period of time (some over 16 yrs of service) and due to employment laws, do I need to compensate any of these staffs if I decided not to employ them after taking over the business?
I can draw a new contract to employ these staffs when I take over the business?
I need to seek some advise regarding to buying a business to run. The current business owner employs a few part times and 2 full time staffs.
My concern is that because some of the staffs may have worked for a long period of time (some over 16 yrs of service) and due to employment laws, do I need to compensate any of these staffs if I decided not to employ them after taking over the business?
I can draw a new contract to employ these staffs when I take over the business?
Answers
Best Answer
Nobody has yet answered this question. Once some answers have been given, newbie99 will be able to select one answer as the best. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.There are no answers available for this question.