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If I purchase a business, how does its unemployment insurance experience/liabilities affect my current rates, liabilities, and/or experience?

April 26, 2017affect Business Insurance liabilities purchase rates unemployment

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If I purchase a business, how does its unemployment insurance experience/liabilities affect my current rates, liabilities, and/or experience?

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If there is common ownership between the two businesses, or if both entities are publicly traded, all or part of the purchased business’s experience may be transferred to the UI account of the purchaser.