Buying a business- what about employees?
It is important to find out whether the business you are buying has any part time or full time employees. If so, you will become liable as a successor employer for obligations to these employees, including salary, vacation pay, unemployment insurance premiums and worker’s compensation premiums. Because of these obligations, and the difficulty of determining […]
Buying an existing business- lease issues
To follow up on my earlier post on buying a business, it is always essential to look at the details of the lease you will be acquiring as part of the business (if the business is on leased premises).
Will the landlord consent to you assuming the lease? For some businesses, the value of the business […]
Buying a business
This blog is being set up to discuss interesting business issues and legal issues as they relate to small business in Ottawa. I thought I’d start with some comments on buying a business.
If you are interested in purchasing an existing business, you might be working with either a real estate agent or a business broker. […]
