What happens to your business during a divorce in Louisville or anywhere in Jefferson County Kentucky? Generally speaking, the spouse who has the ownership interest in the business must buy out the marital property interest of the non-ownership spouse. When both spouses are working together sharing joint interest of the business there are three likely...
What Happens When Spouses Co-Own a Business in a Louisville Divorce?
What happens when spouses co-own a business in a Louisville divorce? There are many spouses who purchase a business together, and work side-by-side to make the business successful. What happens to this business in the event of a divorce? The key to these answers lies with the parties themselves. Is the business viable without one...
What is the Process of Business Valuation in a Louisville Divorce
What is the process of business valuation in a Louisville Divorce? Why is the valuation of a business or professional practice often such a contentious issue? We'll begin with the second question first. All "marital" assets of the couple must be divided during a divorce. If the business or professional practice is in whole or...
Protect Your Professional Practice or Business During Your Divorce
What are the best strategies to protect your professional practice or business during your divorce in Louisville? Will your business interest be a part of the marital property settlement or will it be classified as "separate" property? These are crucial questions for any business or professional practice owner who is considering a divorce. Generally speaking,...