Re: After months of soul searching I'm closing my business.
Tpin
having not so long ago sold my business to another person, there are legal requirement regarding employees rights.
You will find it helpful to consult a solicitor who specialises with what you are going to do. it shook us believe me what rights employees actually have.
You need to have a look at this
http://www.citizensinformation.ie/en...n_ireland.html
Ok why seek legal advise? easy get it wrong and you could be sued for thousands of pounds.
In our case handing over a business and not following the correct proceedure by way of informing employees could have cost us up to £75,000 if take to ACAS or court per employee.
We had to follow T.U.P.E regulations which may not apply if closing down but what we learnt after spending 1.5 hours with a solictor was well worth the time and money
remember employees have more right than you think. you can't just say
"we are closing down and you have lost your jobs, tough luck"
Doing that will get you into deep legal trouble
Oh forgot you also have to keep your accounts for about 6 years after closure I think it is incase the inland revenue people want to check