Transition of business – the full costs

Transition of business – the full costs

Further to our article last week, we thought it appropriate to complete the picture by highlighting that not only are the wages an issue for a new employer, but when you take over a business you will need to recognise the period of service and some other matters of employees with the seller.

This includes areas such as:

  • Leave entitlements;
  • Notice requirements; and
  • Redundancy entitlements.

In addition, you may want to look at the quality of staff and the capability they bring to your new purchase.


There are a number of items you need to be aware of when you are looking to purchase a business. Having an organisation like HR Central conduct a HR audit may help uncover true costs of the purchase before you make any commitments you can fulfil.

Michael O'Shaughnessy

Michael is a specialist in all things HR. With vast HR experience in the USA and Australia, Michael brings a wealth of knowledge and advice to HR Central. When he's not blogging for HR Central you can find him out for dinner in one of Melbourne's newest restaurants.

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