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Mergers, Acquisitions, & Corporate Restructures
The unemployment cost impact is generally at the bottom of most companies “due diligence list” when preparing and proceeding through
corporate restructures (i.e. mergers, acquisitions, spin-offs, divestitures, etc...). Barnett reviews every state and all legal entities involved,
providing you with potential cost effects (nationwide) of these transactions. Furthermore, elections must be made and applied for in order to maintain
experience of predecessor companies, and transfer accumulated unemployment reserves, all resulting in the lowest possible tax rate.
Barnett Associates considers all of the following factors that will impact costs when analyzing the restructure of any client:
- Existing Company vs. New Company
- Total vs. Partial Acquisition
- Common vs. Non-Common Ownership
- Mandatory vs. Optional Transfers
- January 1 vs. Mid-Year
- Continuing Wages vs. Transfer of Experience
- Status, Account Closures, and Transfer Applications
- Deadlines associated with all elections
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