TREADSTONE LAW · ONTARIO · DIGITAL LEGAL SERVICES · EST. MMXXI ·TSL
Corporate · Guide · Free

Employees on a business sale: continuity, termination and who pays severance

A plain-language guide to what happens to your staff when you sell an Ontario business, in an asset sale and in a share sale.

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Treadstone LawGuide
Corporate
Employees on a business sale: continuity, termination and who pays severance
8 min · OntarioTSL
What's inside the guide
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Share sale: the employer does not change
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Asset sale: the seller is the employer until closing
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Who pays for employees the buyer does not hire
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Practical steps for both sides
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What does not change with a union
5
sections
6
min read
Ontario
coverage
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These guides are general information, not legal advice. Reading one does not create a lawyer–client relationship. For advice about your situation, speak with a licensed Ontario lawyer — call 1-844-900-1070.

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