How will a Louisville divorce affect a small business owner? A recent Small Business Association (SBA) study showed there are more than 350,000 small businesses across the Commonwealth, representing more than 95% of corporate entities and companies. How is a business interest managed when an owner's marriage is headed for a divorce? Business owners and...
Protect a Professional Practice or Business in a Louisville Divorce
How can I protect a professional practice or business in a Louisville divorce? While the management of a professional practice in a divorce is similar to handling business interests, each corporate structure can contain unique clauses and provisions in their entity's documents that can complicate the marital interest's division in the asset. How do you...
Business Assets are a Complex Challenge in a Louisville Divorce
Business assets are a complex challenge in a Louisville area divorce case. Kentucky divorces involving large, substantial assets, retirement accounts and pensions, as well as professional practices or privately held companies, by their very nature, carry significant financial, legal, and tax implications for your divorce. An ownership interest in an LLC, S corporation, C corporation,...
Division of a Professional Practice or Business Related Asset
If you are the owner of a business or medical practice and/or a licensed professional, there will be many questions about the division of a professional practice or business-related asset in a Louisville divorce. If the business was purchased or started at any point from the date of the marriage to the date of separation,...