Final Paycheck deductions

[Zigner]

Update...

Last week, my ex boss advertised she was closing the store. This week, she advertised that she sold the business to someone else and her last day running it will be this Saturday. The business is a corporation.

Today, myself and 2 other ex employees are going into the department of industrial relations to file a wage claim.

If we win our claim, will the liability be on the new owners or will the original owner still be liable?

If your boss did things right, the liability will be on the corporation.

 

[LdiJ]

If your boss did things right, the liability will be on the corporation.

Which could mean either the old owner or the new owner, depending on how the sale is structured. If the new owner buys the corporate shares, then its going to be on the new owner via the corporation. If the new owner buys only the assets of the corporation, then its going to remain with the old owner, again via the corporation.

In a small business situation its far more normal to purchase the assets only.

 

[chickenndumplin]

Thank you for the responses. Not sure if she sold the company as a whole or only the assets. We are off to the CDIR to file our claims.

 

[davew128]

Which could mean either the old owner or the new owner, depending on how the sale is structured. If the new owner buys the corporate shares, then its going to be on the new owner via the corporation. If the new owner buys only the assets of the corporation, then its going to remain with the old owner, again via the corporation.

In a small business situation its far more normal to purchase the assets only.

Wouldn't matter either way. The old owner will be held personally responsible by the state labor board.