Dividing a Family Business in Divorce
Many families own and operate family businesses. Deciding how to handle a family business in a divorce can be a difficult issue. Many factors go into valuing a business and deciding how it should be equitably distributed.
Often, the business provides the livelihood for one or both of the parties. The family business may be in the name of one spouse and that spouse may be the primary person responsible for it. However, how a business is named or titled may not be determinative of the issue.
A judge presiding over a divorce will ask pertinent questions...
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