How Do You Divide a Business in a Divorce?
A divorce that involves a business can make an already stressful situation much more complicated. It’s important to find a qualified Columbia divorce attorney who can make a business divorce go more smoothly. Marital and Separate Property in Divorces That Involve Businesses It is important to first determine whether a business is marital or separate property. If a business’s assets and ownership are considered one spouse’s separate property, it will likely not be up for division. A spouse may instead have a claim on future earnings that they would have benefited from. When a business is one spouse’s separate property,