In many cases when you purchase a business, it includes payroll with employees that will now
be working for you. You will need to familiarize yourself with the organizational culture and
structure. Some key questions include:
What are the job responsibilities, rates of pay, and benefits of each employee?
What is each employee's tenure (length of time with the organization)?
What is the level of each employee's skill in their position and are they employed under
an employment contract?
Will key employees stay after the business is purchased?
Are any employees part of a union, or is any union organizing effort likely?
Have there been layoffs in the past year which could trigger lawsuits?
Need more information? Call us at 204-478-7266, ext. 110. or click
https://www.bealbusinessbrokers.ca/buying-a-business/ to download our free e-book on
buying a business.