Divorce for
Business Owners
in Massachusetts

Protecting Your Business

You may have worked very hard to create a Business together during a marriage, or you may have married into a Business that you helped make as successful as it currently is. The process of splitting or dealing with the fate of a Business during a Divorce can be complicated for all parties. Treating a Business as equitable property may mean selling it off and splitting the profits, as well as debts associated with the Business. It may also mean one party buying out the other party. Any scenario can have a negative impact on the Business. Co-ownership after Divorce can be difficult, if not impossible for some.

The first step to dealing with the fate of a Business during a Divorce is to get a current and true value of the Business. This may mean reviewing accounts or turning to other professionals. Differentiating between whether a Business is marital property or separate from a marital property will also affect the process. Reviewing and analyzing the outcome of selling a Business and splitting proceeds may need to take place. The fate of physical assets related to the Business may also need to be addressed. Also if the Business is of a higher net worth, the Divorce may become more intense.