Business Assets On Divorce

Dealing with business assets on divorce can be complex. Are you a shareholder, a director or both? Do you assist in running the business? If you are the business owner, do you want to keep the business? If so, how will you compensate your ex? How is the business to be valued? You may be able to agree, or you may need expert advice. Are sufficient other assets available?

If alternative assets are not available, ongoing maintenance payments or possibly a share of dividend income might be considered. Your ex, however, may not want to have that ongoing reliance on you and the courts certainly try to achieve a financial clean break between divorcing couples, where possible.

The nature of business interests can cause complications. If your ex operates the business, you will need to ensure you have sufficient information about the business to enable you or your accountancy expert to properly value it. On the other hand, if you are the business owner, you may have