Legal Question in Employment Law in New York

Do I have to retain employee when purchasing business.

I am purchasing a small Insurance business that I have worked at for 20 yrs. The one other employee has been out on Disability for 1 mo, unsure if she will return before purchase is complete. I really don't need any employee. Is there any legal way that Upon or prior to purchasing the business that I can stipulate or provide notice that can terminate her employment upon my purchasing the business. (even if she is still out on disability)


Asked on 8/25/06, 8:41 pm

1 Answer from Attorneys
Jason Stern Law Offices of Jason Stern

Re: Do I have to retain employee when purchasing business.

Neither of your proposed solutions would be wise. This is really a complex matter that is not well-suited to this format because there are several issues to consider. If you would like to arrange for a one-hour consultation, you may contact me via email.

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Answered on 8/25/06, 10:45 pm


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