When entrepreneurs divorce, the businesses they have created and grown create layers of complexity that other divorces will likely not have. In this article, we will address primary concerns business owners have and how you can protect your business in a divorce....
Business Assets
How can you protect your business when planning a divorce?
You started the company that you own with the intention of supporting your family. You never anticipated that your relationship with your spouse would reach a point where divorce seems like a real possibility. However, that is your current situation. You run and own a...
How will a California divorce court divide my business ownership interest?
If you co-own a business with one or more business partners, and you have an imminent divorce, you may be concerned about how your ownership interest will fare when you get to the property division portion of the divorce process. In many instances, an ownership...
Is your small business at risk when you file for divorce?
Your plans for life have probably changed a lot since you first got married. You may have never expected to go back to college and pursue an advanced degree or to inherit the company from a family member. However, you are now the owner of a successful small business. ...
How to protect your business from divorce
Far too often, couples fail to plan for what will happen in the event of a divorce. There are a number of reasons for this, but taking proactive measures to protect your own interests is often viewed in a negative light. An impression may be formed that if you try to...
Are those ‘business loans’ an attempt to hide assets?
You file for divorce, and your spouse is less than pleased. Life goes on as you sort out the details, however, and your spouse often invests in other businesses all across the state. As you start digging into the financial details, you find numerous transactions where...
Running a business with your ex after getting divorced
Do you think that getting divorced means you cut off all contact with your ex? For some people, it certainly can. However, for many, there is just no way to completely sever those ties, even when they end the legal marriage. For instance, many parents stay in frequent...
How should you divide your business during divorce?
When you have a business, stocks, retirement accounts and other complex assets, dividing them upon divorce can be difficult. You may not know how much each asset will be worth, or want to give certain assets up.In California, you're expected to split your assets...
The business traveler and child custody
If you travel for work and are heading for a divorce, you may be wondering about business travel and child custody and how your travels will affect your case. Maybe you're wondering if the legal system will punish you for your business schedule and limit your time...