An individual’s successful business will likely contribute substantially to their overall personal wealth. It may be their main source of income, and they may reinvest in their company regularly. Therefore, their spouse may try to lay claim to some of the business's...
Owning a business when you’re going through a divorce can be a complicated reality. Understanding state laws concerning the division of business assets during a divorce is crucial. The timing of when the business was started can have a significant impact on how assets...
When a business owner or shareholder files for divorce, they may need to value or even sell their interest. Depending on the number and type of shares they own, and the makeup of the business itself, it may be appropriate to consider the application of a marketability...
Business owners going through divorce most likely will need to obtain a valuation of their business. Usually, the most time-consuming part of the valuation process is gathering all the necessary documents. Below is a list of documents that will likely be required to...
Passive income is income that requires little to no ongoing effort to obtain. Examples include dividends from stocks, rent payments from rental real estate or royalty payments from intellectual property. In a divorce, passive income may impact spousal support and...
Couples preparing for divorce in Ohio need to determine a way to divide their shared resources and financial obligations. Both the process of putting a price on large assets and the act of negotiating how to share or divide that value can prompt emotional responses...
There are multiple ways to complete the business valuation process, and many of them involve looking at a company's tangible and intangible assets very carefully. The reputation of the organization and the goodwill that it has fostered with individual employees, other...
Divorce cases that contain international assets can make property division complicated. International assets most commonly take the form of vacation homes, investment properties, inheritances, bank accounts, foreign trusts, and foreign retirement accounts. While...
When a business owner files for divorce, they can generally anticipate a more complicated and contested process when ending their marriage. A business can create numerous challenges for a divorcing couple, including negotiating how to run the company after divorce and...
If someone owns a business and intends to divorce, the organization will likely prove to be a significant roadblock to a smooth divorce process. The business may represent an investment of thousands of dollars of marital property and also likely serves as a source of...
