One company in Ontario has a complicated situation. The previous owner was selling it and as soon as it was purchased, complications occurred gradually. The problems included dealing with the severance and termination pay of the previous employees. To do this kind of transaction, employment standards must be exercised. It is only appropriate and it prevents breaking corporate laws.
As the business owner, if you are looking to sell your company, you must consider, for the sake of your employees who help you in along the way, in doing the following:
Communicate with the employees
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