Question: I am starting a new business, which my wife has been very critical of, and I want to make sure it is my own separate property whether the business succeeds or fails. What would I need to do to protect my business and keep …
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Am I Entitled to a Portion of My Wife’s House and Business?
Question: My wife says I am not entitled to any of her property and business, but I have put a lot of money into the home and lent her money to pay taxes on her business. What can I do to get something back for …
CONTINUE READINGUnderstanding the Valuation of a Closely-Held Business
Tomekia Lee-Chaney, Contributing Author In divorce suits, it is common practice to provide the value of personal and real property to aid in the division of the marital estate. Of the properties owned by spouses, ownership in a closely-held business may significantly affect the outcome …
CONTINUE READINGBusiness Co-Owners and Divorce: What Are Your Options?
Business owners face some unique circumstances when proceeding through a divorce. The situation can be especially complex if the divorcing spouses are co-owners of a company. There are three main options for resolving a dissolution and shared business interests, as outlined below. Leslie LorenzanoLeslie Lorenzano …
CONTINUE READINGShould I obtain a professional business valuation for my pending divorce?
EDITOR’S NOTE – Men’s Divorce has previously addressed the topic of expert witnesses when business ownership factors into a divorce. In this article, Attorney Leslie Lorenzano of Cordell & Cordell’s Indianapolis office, explores the potential benefits of one class of experts – the professional business …
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