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What to do when the business is sold
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What to do when the business is sold
Overview
There are three situations that could arise if the business is sold.
- The new owners may want to continue to use the payroll system and retain all the previous information. This can only happen if Datacom is given approval to share this information by the existing company owners.
- The new owners may want to use the payroll system, but you do not what them to have access to the records prior to them taking over the business. Unless Datacom is given approval to use the existing employee records, a Statement of Work (SOW) will be completed requiring the new owner supply all the employee information for the new company to be implemented.
- The new owners may want to use another payroll system. They may require you request records from the existing payroll system so they can upload these in their existing payroll system. A SOW will be completed setting out the requirements and costs.
- Note that a change in Company IRD number whether there is a merger or being sold, requires are SOW and employees to be moved over to a new company setup should you decide stay with Datacom
Client Responsibilities
You will need contact your EasiPay Consultant to discuss which of the option will be required with your EasiPay Consultant..
EasiPay Responsibilities
Your EasiPay Consultant will arrange a SOW to be completed based on your requirements.
, multiple selections available,
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