Question:

My wife and I are part of four managers running two resorts. The resorts have been sold as a going concern and with all employee’s 3 months ago. None off the managers have been paid for 3 months. Can we as management claim our salaries from the selling parties. We know that the final contract has not been signed.

Answer:

It would be the onus of the new owner to pay these salaries. You need to approach them immediately and demand payment. The transfer is called a section 197 and the new owners automatically become liable.

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