Legal Question in Employment Law in New Jersey

That depends on how the purchase is set up and whether the employees have existing contracts. If it is an asset purchase, then you get the assets without any contract obligations. If you are purchasing the business entity, then the business has all of its existing obligations.

� The fact that you are asking this question leads me to think that you don't have a lawyer helping you with this transaction. That would be a good idea only if you have done these transations in the past and know what you are doing or if the amount you are paying is so small that you can afford to lose it all. My firm handles matters of this type. If I can be of further help to you, call or email.

See also: http://info.corbettlaw.net/lawguru.htm