Business Owner Divorce

If you’ve built a business or plan to start one, protecting it is something you can’t afford to overlook—especially when marriage is involved. Whether you’re getting married or are already married, a prenuptial or postnuptial agreement can make sure your business stays yours. As Melinda Previtera puts it: “A prenuptial or postnuptial agreement is like […]

When you’re married and running a business, things can get tricky. Even if your spouse isn’t actively involved in the day-to-day operations, the business can still be considered part of your marital estate. Without proper planning, what you thought was your business could be divided during a divorce. As Melinda Previtera explains: “In a marriage, […]

How a Postnuptial Agreement Can Protect Your Business Running a business is hard work, and if you’re doing it alongside your spouse, it can get even more complicated. Whether you started your business after getting married or your spouse joined later, it’s important to make sure your business stays protected—especially if things change in your […]

Cash-based business is a term that refers to companies that take most or a large percentage of their payments in cash. This setup often involves less documentation than other business structures. However, it can create legal complications and problems with the Internal Revenue Service (IRS). During a divorce, a cash-based business can also create additional […]

The best news about owning a business is that if you have created an LLC or own a corporation, they will help you protect your business assets. This is great news if you created the business before marriage and will help protect you in case of a divorce. Being a small business owner means you […]

Obtaining a professional degree is hard work that requires dedication and sacrifice, not only for the student but also for their spouse. Not to mention, it can also be quite costly and burdensome on the family budget. The courts realize that some spouses put their loved one through an expensive and time-consuming degree program only […]

No matter how long a couple is married or what their financial state is, a divorce requires them to identify, value, and divide their assets. If their finances involve only bank or retirement accounts, this can be a simple process. However, if they have a business, the division of business interests can become complicated. In […]

You probably decided to start a business for many of the same reasons you chose to marry your spouse. Not only does your business provide you with financial stability, it also allows you to grow as a person. While your marriage is now on the rocks, your business may continue to thrive. Accordingly, before you […]

Putting together a family business is often equal parts difficult and rewarding. Those who find success may see the business as more than just a profession, but as an additional part of the family. The business can become a part of the family’s culture, a part of the family’s heritage. Like any other part of […]

A wedding is an exciting and stressful event — particularly for the couple getting married. The days leading up to this big event are likely filled with discussions about venues, photographers and caterers. Although these discussions are important to ensure the day goes smoothly, there are other discussions that are even more important. These discussions […]