Sam,Good evening and thank you for entrusting me to assist you. My name is XXXXX XXXXX X will do everything I can to answer your question. Fortunately, you are correct that new owners of a business assume all of its assets AND liabilities, meaning if a cause of action accrued against the business under its previous ownership, it can be brought against the business with its new owner.With regard to payroll records, employers have a legal obligation to retain such records for at least 3 years. Moreover, the DLSE takes the position that if an employer fails to comply with this record-keeping requirement a presumption arises that the employee’s credible testimony of hours worked is sufficient to support a claim. It is then up to the employer to rebut such presumption with evidence to the contrary, which most employers who fail to maintain records don't have.Please do not hesitate to let me know if you have any questions or concerns regarding the above and I will be more than happy to assist you further.If you do not require any further assistance, please be so kind as to provide a positive rating of my service so that I may receive credit for assisting you. Very best wishes and kindest regards.
Awesome, I'll be happy to.
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