Could Divorce Put Your Business at Risk?
Posted on March 11, 2016 09:42am
When business owners and entrepreneurs get divorced, what is already a difficult process can get even more complicated. Here's how:
If you are a business owner thinking about divorce
We urge you to consult with an attorney experienced in complex property division matters, including the valuation and distribution of business assets.
We can help you address these common questions and formulate a plan on how to best protect your interests.
- If the business is your main source of income, how will you continue to provide for yourself (and your children) after divorce?
- How will you maintain your business's finances and reputation?
- How can you protect your business's private records and information?
- How informed are you regarding your business's accounting?
- If you have complex business assets and investments, how will they be valued?
For more information on how divorce can affect business assets, check out these blog posts:
- Dividing Business Assets in a Divorce - a thorough guide on the rules of property division as it applies to businesses and business assets
- How Will Divorce Affect my Business? - an overview of how "community property" applies to businesses
- Valuing Professional Practices in Divorce - for professionals with independent practices
- 3 Tips for Business Owners Contemplating Divorce - considerations for married business owners
- How Do Valuations on Assets Work in Divorce Cases - the importance of getting expert professional valuations
You can also watch this video of our partner, David Starks, discussing how we approach divorces with complex financial matters.