If you own a business you should prepare for a valuation during a Louisville divorce. The process of establishing the value of the marital interest in any business or professional practice is known as “valuation.” Each party has competing interests in the process of valuation. A business owner who wants retain their company wants the...
How is a Business Interest Divided in a Louisville Divorce?
How is a business interest divided in a Louisville divorce? The first question is simply "Is the business interest or any portion of it marital property?" Is the business shared by both spouses, or is it owned by one of the parties? What contributions have been made to the business by each spouse? How much...
The Division of the Marital Property Interest in a Business During a Louisville Divorce
What are the steps taken to accomplish the division of the marital property interest in a business during a Louisville divorce? If you are a business owner or own and run a business with your spouse the process of determining the status of a business or professional practice and dividing any marital property interest in...
Keep a Business During a Louisville Divorce
What are some specific strategies if you wish to keep a business during a Louisville divorce? How is a business asset usually managed during the property division portion of a divorce? Those who have started or purchased a business know how much hard work, time and money go into creating, developing and maintaining a successful...