Successor employer
2 rules0 of 2 subsections
Subject to the limits provided by subsection (c), if—
(1)
(1)#
an employer acquires during any calendar year substantially all the property used in the trade or business of another person, or used in a separate unit of a trade or business of such other person, and immediately after the acquisition employs in his trade or business one or more individuals who immediately prior to the acquisition were employed in the trade or business of such other person, and
(2)#
such other person is not an employer for the calendar year in which the acquisition takes place,