What employment law issues should you consider when purchasing a business? How can a lawyer assist with this?

When purchasing a business, there are several employment law issues that should be considered to ensure compliance with legal requirements and to avoid potential liabilities. Some of the key issues to consider include:

  1. Employment contracts: Reviewing existing employment contracts to ensure that they are compliant with applicable laws and regulations and to identify any potential issues, such as restrictive covenants, that may impact the business.
  2. Employee entitlements: Ensuring that all employees are entitled to the benefits and protections guaranteed under the relevant employment standards legislation, such as minimum wage, overtime pay, vacation pay, and statutory holidays.
  3. Workplace policies: Reviewing existing workplace policies and procedures to ensure compliance with applicable laws and regulations, and to identify any potential issues or gaps in the policies that may impact the business.
  4. Health and safety: Ensuring that the workplace is compliant with applicable health and safety laws and regulations, and that appropriate policies and procedures are in place to promote a safe and healthy work environment.
  5. Workplace investigations: Ensuring that any workplace complaints or investigations are properly handled and documented, to avoid potential legal liability.

A lawyer can assist with these issues by conducting a comprehensive review of the business’s employment practices and policies, identifying potential legal risks and liabilities, and developing strategies to address them. They can also assist with negotiating employment contracts, developing workplace policies and procedures, and providing advice on compliance with employment standards legislation and health and safety laws. Finally, a lawyer can provide guidance on potential litigation risks and represent the purchaser in any legal proceedings that may arise. If you have any questions, please contact us at info@falconlawyers.ca or 1-877-892-7778.

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