How will divorce affect a Louisville family business? Do you and your spouse own part or all of a small business? Are you facing the end of your marriage and wondering what will happen to the company? Do you own a business together? Do both parties work for the company? What if the company is...
How is the Marital Interest in a Business Divided During a Louisville Divorce?
How is the marital interest in a business divided during a Louisville divorce? What are the options available to the owner of the business and/or their spouse? The first step is to establish if the business interest is, in whole or in part, a "marital" asset subject to property division. Generally speaking, any business interest...
The Challenge of a Business Valuation During a Louisville divorce
The challenge of a business valuation interest during a Louisville divorce is quite legally and financially contentious in many cases. How do you establish the "marital interest" portion of the valuation of a Louisville business during a divorce? Why is it important to ensure an accurate valuation of a business or company during your divorce? ...
How Will a Louisville Divorce Affect a Small Business Owner
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...