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How much notice must we give employees when selling the business?

02/27/2012

Q. We are selling our small business with 15 employees. The company that is buying us will not hire our staff. How many days’ notice is required to notify our staff? Will our employees qualify for unemployment benefits and who’s responsible to pay the benefits -- us or the new company? Should we give them a written letter or notification to use for unemployment benefits? – Chenna, Texas

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