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,...
Pre-Plan to Protect Your Business During a Divorce
Why is it important to pre-plan to protect your business during a divorce? One of the most crucial areas of focus for business owners and licensed professionals considering a divorce is the nature of that asset (marital property, separate property or commingled), valuation and ultimately how any marital interest in the business will affect the...
What Happens When Spouses Share Ownership in a Business during a Louisville Divorce?
What happens when spouses share ownership in a business during a Louisville divorce? Many spouses acquire or start a business together, each working hard to make that business profitable and successful. What happens to a company owned by both spouses during a divorce in Kentucky? The answer to this question will be based on the...
The Valuation of a Business Interest in a Louisville Divorce
What is the process for establishing the valuation of a business interest in a Louisville divorce? How will the ownership of a business or Louisville area professional practice be handled in your divorce? The division of a valuable marital asset such as retirement accounts or business-related assets are both legally and financially complex. This is...