What Happens to Your Business During a Divorce?

Explaining What Happens to Your Business During a Divorce, and what actions may be deemed necessary by the court, is Family Law Partner Sarah Atkinson. For more information or to speak to a member of the team, visit: bit.ly/2DUPogL
Divorce is highly stressful, perhaps even more so for people who own a business. This is a highly complex area of law and naturally business owners will worry about their business. Marriage and divorce involving significant wealth brings unique challenges and the emotional and financial implications of taking the wrong approach makes your choice of action critical. Whatever your circumstances, our lawyers can provide you with a significant advantage and peace of mind.
In this video Sarah explains what happens to your business during a divorce and answers the questions that are frequently asked: How are businesses valued during a divorce? What is involved if an independent valuation is deemed necessary by the court? What would happen if a spouse already owned a business before the relationship had happened? Can there be tax consequences of selling a business interest? Can the court force the sale of a business interest? What is the difference between non-matrimonial property and matrimonial property?

[@NickB-zc2kq]

So basically, don't get married or you will lose half of your earnings, potential earnings, and shares, even if they've had no influence in the company. Got it...thank you :-) Appreciate you putting this in an ad

[@rickym1301]

So don’t get married, got it

[@leshiaweekes-hart1066]

It was my business,The city put his name on my License, when I went to get my licence for the buisness to care for special needs children,, and adults.Cause we where home owners they put his name on the licence.

[@boblawry4876]

Business should be separate from marriage. Period.