Unless the franchise agreement required notice or this is a business with a great deal of employees (to be covered under separate federal law), an employer is not required to provide notice, severance, or anything other than earned pay due which must be paid in the time as required under your state law.
This answer is for informational purposes only and is not legal advice regarding your question and does not establish an attorney-client relationship.
If it is a privately held company without ownership interest maintained partly (like a co-op), yes, it can be closed without notice to the employees.
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If the franchise employees more than 100 employees it is likely covered by the federal WARN Act which requires employers to provide 60 day notice before closing.
Kirk J. Angel is an experienced North Carolina licensed attorney who focuses his practice on employment law. Mr. Angel, who has focused on employment law for more than 14 years, represents clients throughout North Carolina and more information about him is available at www.theangellawfirm.com This response is for general informational purposes and does not constitute legal advice. Additionally, this response does not create an attorney client relationship. If you need legal advice, please contact a lawyer in your state who practices in the appropriate area.
It depends on a number of things, including the size of the business and the circumstances. Under the federal WARN Act, certain business are supposed to give employees advance notice of a closing. However, there are exceptions. You should consult an experienced employment attorney in your area.
This answer is provided for informational purposes only and should not be relied on as legal advice. You should be aware that no attorney-client relationship is established through this answer and none will be established without a personal consultation and the signing of an engagement agreement.