Business Transition Issues
With increasing frequency, employers resort to reductions-in-force to lower costs and remain competitive in their industry. Much Shelist counsels employers on ways to minimize risk in connection with such workforce reductions, including advising employers on compliance with the Worker Adjustment and Retraining Notification Act (WARN Act) and similar state laws relating to plant closings and mass layoffs.
Our attorneys also help prepare separation agreements designed to ease the transition of workers without exceeding your budget. Such agreements are written in a manner that is easy for your transitioning workers to understand, while at the same time helping minimize the risk of employment-based claims.
And whether you are the seller or the purchaser in a business transaction, Much Shelist’s attorneys are experienced in all aspects of the due diligence process, including the labor, employment, and benefits issues that frequently arise. Our attorneys routinely review operative provisions of stock and asset purchase agreements, as well as benefit plans and employment and restrictive covenant agreements. We help you make informed decisions so that you can fulfill your business goals while, at the same time, minimizing risks associated with your transaction.