What is an implication of choosing a share purchase in a business sale?

Choosing a share purchase in a business sale means that the buyer acquires the shares of the company, effectively taking over the entire entity along with its existing liabilities, assets, and operational contracts. The implication of all existing employee benefits remaining unchanged is a direct result of the continuity of the company’s existence. Since the company itself continues to operate as the same legal entity, employment contracts and benefits negotiated with employees remain intact.

In this context, the other options do not accurately reflect the implications of a share purchase. Increased personal liability for debts typically pertains to situations where personal guarantees have been made, which is not inherently a result of the share purchase structure. Similarly, one cannot claim no responsibility for previous liabilities as acquiring the shares includes taking on those liabilities. Lastly, a share purchase does not create a new legal entity; it involves the transfer of ownership of shares within the existing legal entity. Thus, the correct answer captures the essence of continuity in employee relations following a share purchase deal.