Help I am SELLING a business

What you need to know when it comes to the employee’s

 When selling a business, you will probably negotiate hard on things like the price, the plant and equipment being sold, and the settlement and handover period. What you may not have thought about is what will happen to the employees of the business, and what this might cost you down the track.

This can be a serious mistake, impacting not only your hip pocket but the effective transition of the business into new hands. If you are SELLING a business, it is important to consider what impact this transfer will have on current employees. The Fair Work Act 2009 (Cth) determines the obligations and responsibilities the seller or buyer has for current employees.

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Business Broking Specialists

Dru Morgan – Director

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