Sale of business | MacLeod Law Firm https://macleodlawfirm.ca Employment & Labour Lawyers Tue, 16 Mar 2021 15:27:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://macleodlawfirm.ca/wp-content/uploads/2018/08/cropped-MacLeod-Law-Firm-icon-60x60.jpg Sale of business | MacLeod Law Firm https://macleodlawfirm.ca 32 32 The Cost of Terminating Employees When a Business is Sold https://macleodlawfirm.ca/cost-terminating-employees-business-sold/ Tue, 17 Apr 2018 12:29:19 +0000 http://www.macleodlawfirm.ca/employers/?p=5042 When a business is sold the cost of terminating unwanted employees can significantly impact the sale price. The purchaser does not want to pay the cost of terminating long service employees, and the seller doesn’t want to incur termination costs which reduces the net sale price. General Rules on Termination Pay Obligation when a Business is Sold A section in the ESA states that when a business…

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