What Happens to the Family Business in a Divorce?

– Valuing the business is the first step in a divorce involving a family business
– The ownership structure of the business needs to be determined, especially if it is jointly owned by the couple
– The income generated by the business is important in determining alimony and child support
– A plan for the future of the business needs to be created after the divorce is finalized – Finding the value of the business is crucial in divorcing a spouse who owns a family business in Florida.
– Understanding the ownership structure and income generated by the business is important in the divorce process.
– Creating a plan for the future of the business is necessary for a smooth divorce process.
– Working with an experienced divorce attorney can ensure that rights are protected and a fair settlement is reached.

https://www.henlaw.com/news-insights/divorce-and-the-family-business/