Buying a Business
This post will explore some of the employment law issues that should be considered if you’re purchasing a business. Employment law-related factors to review when selling or closing your business were covered in Part I.
This post focuses on businesses with non-unionized workforces. Unionized workplaces have their own distinct issues that must be addressed when purchasing a business and a lawyer should be consulted regarding those as well.
Strong entrepreneurial spirits truly are critical components of any healthy economy. Many people dream of being their own boss – directing the growth of a company and taking an active role in their own future prosperity while providing a product or service that they are passionate about. Purchasing a business with an established business model and customer base can be a great way to give yourself a head start on these goals, but it’s essential to consider all of your possible risks and liabilities when doing so. Completing a fulsome review of your potential employment law risks as part of your due diligence is the best first step to protecting your investment. You can’t know what other actions will be helpful without taking this initial step.Continue Reading Selling, Closing, or Buying a Business? Consider Your Employment Law Liabilities! (Part II)