Most businesses have a workforce – either employees or independent contractors – and most sales of businesses require buyers and sellers to deal with workforces before, during and after the sale of a business. Regardless of the structure of the transaction, workforce-related matters must be considered. For sake of discussion, these issues will be referred to collectively as employee-related matters unless the nature of the workforce itself requires that the workforce be discussed separately as either a W-2 or 1099 workforce.
The following materials discuss employee-related matters that need to be considered throughout the deal process. For discussion purposes, the deal process has been broken up into the following phases: (1) Letter of Intent; (2) Due Diligence and Agreement Drafting; (3) Closing; and (4) Post-Closing.
You can download the materials at the link below:
Interested in more detail associated to this article?Download Employment and Employee-Related Issues in the Sale of Small Businesses
For almost 20 years Kim Lowe has lawyered from the trenches. Kim lawyers from experience, using her knowledge of the law and understanding of how both for-profit and nonprofit business enterprises operate.