Business Owner Sell Shares - early pregnancy - what will I entitled to...

[VintageGalMum]

So my boss is reliant on me for the running of his business & does not see her stepping back in once I go on maternity leave at the end of the year. They are currently looking at selling all their shares as the only shareholder to not be part of the business anymore.

Ive worked for the business 10+ years and worried what will happen to SMP if the company was "taken over" or "sold"

Anyone had this and or knows what my rights are? Thanks S

If the business folds and is no more, you'd be entitled to statutory redundancy, which is one week's pay for each year, if you're between 22 &41 yo.

If it's sold as a going concern, the new owners would be obliged to honour your contract under TUPE.

Thank you thats reassuring - I believe as well I can get SMA from the government as I would have worked more than 26 weeks in the 66 weeks before the baby is due?