Protecting Your Business in Divorce: Asset Division Strategies
Talk to an Atlanta attorney about your case
Relentless advocacy for families, the injured, and businesses across Georgia - with offices in Atlanta and Milton.
Facing divorce and worried about your business? One effective strategy is to value your business and use that valuation to divide assets, ensuring your business remains intact. Instead of splitting the business, offer equivalent assets like home equity. This way, your business stays stable and under your control. Let’s safeguard your entrepreneurial future!
one strategy that we use that we found helpful in making sure that businesses remain intact during and after a divorce is placing a valuation on the business and then using that to divide assets such that if the parties would have own the business together and the person who is no longer your spouse would have had a 30% interest in the business and that 30% interest May equal a dollar we make sure that they get that dollar and an asset which is not the business and so working with us we hope to make sure that the business remains intact by getting it valued and then making sure that there are other assets that can replace what they don’t get from the business so if you’re about to split equity in the house instead of a 50/50 split what if you give 100% of the equity to the spouse so that they don’t have an interest in the business that’s just one of the ways which we try to work with making sure that businesses are left intact for owners to be able to run them after a divorce
