What happens to a business during divorce?

Divorce can be complicated at the best of times, but when you throw a business into the mix things can get even more complex. One of the first questions that business owners ask when their relationship breaks down is what will happen to the business? Rachel Buckley, a specialist in business and divorce, answers some of the more common questions she gets asked.
If you're worried about what will happen to your business during your divorce you should speak to a specialist family lawyer as soon as possible. You can find more information on our website www.thefamilylawco.co.uk
Other frequently asked questions covered in this video include; How are businesses valued during a divorce? If a business is to be treated as having capital value, how is it valued? If I’d started my business a long time before my relationship does this make a difference? Can there be tax consequences of selling a business interest? Does it matter when I get divorced? Can the court force the sale of a business? What is the difference between non-matrimonial property and matrimonial property?
Chapters
00:00 Intro
00:28 Is a business treated the same way no matter what?
01:13 How is a business valued?
02:13 If the court doesn't accept this valuation, what happens?
02:48 Is it fair for a spouse not involved with the business to be given assets in divorce?
03:55 If the business existed long before the marriage, would that make any difference?
04:20 Does it matter when you separate?
04:58 A summary of potential outcomes for the business owner
05:38 Is it possible to protect a business?
06:26 Outro

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Bottom line, don’t divorce!

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