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Posts tagged "business valuation"

What happens in divorce if you own a business together?

Divorce is always a complex matter, but the process can become even more complicated if you and your ex-spouse own a business together. There is no single course of action that will work for everyone who is a joint business owner during a divorce, but it is important to understand why the process can be so challenging.

Divorce considerations for business owners and their spouses

All but a handful of states divide marital property at divorce based on the principle of equitable distribution. Note: you don't have to ask a court to intervene, but if you and your spouse are unable to agree on property division in Massachusetts, then the court will endeavor to equitably divide marital assets and debts. Keep in mind, though, that "equitable" is not necessarily the same thing as "equal."

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