Dave you are correct.
My past experience when I bought an ongoing concern, was to ensure the seller retrenched everyone with his own money. I then re-employed everyone, starting from a new day with a new employment contract. 2 years later due to economic pressure, I closed the company down, and fortunately having done this, only paid 2 weeks of retrenchment.
There can be staff working for many years, and if you do not do this, you can be in for a fat bill when you close or down size.
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