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...
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,...
How is a Business Valuation Determined in a Louisville Divorce?
How is a business valuation determined in a Louisville divorce? How is a business or professional practice handled in a Louisville divorce? The first question regarding a business or professional practice in a divorce will be the nature of the asset itself. Is it "marital property" or a "separate asset" under Kentucky law? Generally speaking,...
Identifying the Value of a Spouse’s Business in a Louisville Divorce
What is the process for identifying the value of a spouse's business in a Louisville divorce? The most important thing you need to know as the spouse of a business owner is this: Your spouse will not have anything to say or do with the actual valuation of that business interest. That will be determined...