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Business Buyer Sues Seller for Undisclosed Poor Unemployment Insurance Experience Rating

Introduction An asset business buyer can sometimes see its post-closing unemployment or workers compensation insurance experience rating unexpectedly jump after acquiring a business. The deal In this case, a company with a normal New York unemployment insurance experience rating acquired

Posted in seller's unemployment experience rating, seller's workers compensation experience rating, successor liability, Uncategorized

Buyer of Colorado restaurant assets stuck with seller’s higher unemployment tax rate liability even though buyer did not retain seller’s employees

Buyer began operating a restaurant in Palisade, Colorado (about 17 miles east of Grand Junction) after it acquired nearly all of the assets of Seller, which previously operated a different restaurant at the same location. Buyer acquired approximately 90% of

Posted in seller's unemployment experience rating, successor liability

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