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,...
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...