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Business and Divorce

What Happens to Your Business in a Divorce?

A divorce can be one of the most devastating and challenging times in life. The rollercoaster of emotions, the distractions, and the negotiations are more intense than ever. And if you own a business during the course of the marriage, your divorce just became even more complicated.

Depending on the circumstances, such as when the business was purchased or if a prenuptial or a postnuptial exists, it may be considered a marital asset and may be divided between spouses.

More importantly, your divorce is no longer just between you and your spouse. Now other parties are involved, such as employees, shareholders, vendors, and creditors, all who may be impacted by the decisions made.

Now more than ever, you need our team of experts who understand the complexities brought about by owning a business during a divorce to guide you through the process.

Our attorneys understand complicated issues brought about by having a business involved, such as how to determine the business valuation. We understand how a dissolution proceeding can disrupt a business. We can help you decide whether your best option is for one spouse should sell the business to the other, whether the business should be sold, or whether both spouses should agree to remain co-owners.

If you’re going through a divorce, you need an experienced attorney on your side. If a business is involved, our competent and aggressive attorneys will help you resolve your matter as efficiently as possible.

For more information regarding Business & Divorce, please contact us or check out our blog articles, videos and resources on this topic:

High-Conflict Divorces: High Conflict Personalities- Why These Divorces Must Be Approached Differently

The New KAAA Fix Bill-Understanding Equitable Distribution and Passive Appreciation

Benefits of Divorce Mediation