How to Value a Small Business for Divorce

One of the most challenging aspects of divorce is the division of assets. Depending on the marriage and the assets accumulated during this time, dividing these fairly between spouses may need to involve professionals, especially when it comes to valuing and dividing a business. With the different approaches to valuation and the aspects of a business that they focus on, the outcome of the valuation may differ substantially from method to method.

Divorcing small business owners

In this article, we will outline and explain these different approaches in valuing a business for the purposes of a divorce.

Separate or Marital Interest

According to Completecase.com, the first step in valuing a business for the purpose of divorce is to determine how the value or interest in the business should be split.…

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Dividing a Business in Divorce – Things You Should Know

When divorce and separation of property occur in the same sentence, it is terrifying. Divorce itself is already tremendous stress, but the matter is aggravated when, during a termination, you still have to divide property, especially when it is your own business. Moreover, your almost-former spouse has the right to a share in the company, even if he or she did not take any part in the creation of the business.

Dealing with the implications of divorce

That is why it is essential to protect your company until it got very far.

Separate and Marital Property in a Divorce

Under the law, when a marriage is dissolving, the spouses must divide the common property.…

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3 Tips For Protecting Your Small Business When Going Through a Divorce

While running a business in and of itself can be challenging, this task can become even more difficult if you have personal issues that are bleeding over into your professional life. Although you might try your best to keep things separated, big personal issues are bound to creep into your business life on occasion.

Divorcing small business owners

One of those occasions where there’s likely to be some overlap is a divorce. But not only could this make this messy with your business, but it could also cause irreparable damage if you’re not careful.

So to help ensure that this doesn’t happen to you, here are three tips for protecting your small business when going through a divorce.…

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How Will Divorce Affect Your Business?

They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?

Here’s how a divorce may impact your business.

Business couple

Divorce and Business – Your Ex May Become Your Next Business Partner

Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.

The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…

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4 Ways to Protect Your Business From a Divorce

‘Happily ever after’ is what married couple want to achieve. Unfortunately, it’s often inevitable due to one reason or another. Depending on your personal circumstances, there are things needed to settle when divorce is inevitable. One of such things is your business.

Divorced

Your business is an asset, and no matter how hard you work on your business, putting in long hours doesn’t protect your business from a divorce. You can take steps to protect your business, and it’s not too late to start taking those steps now if your marriage is, alas, faltering.

If you’re about to begin divorce, you can implement the following strategies to help safeguard your business:

1.

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