How will a divorce affect a San Diego family business? Are you and your spouse considering the end of your marriage? Do you own a business together? Do both parties work for the business? What if the company is owned by the family of one of the spouses? Is the family business, in whole or in part, a community asset?…
Family Business
What Will Happen to the Family Business in our San Diego Divorce?
We are often asked “what will happen to the family business in our San Diego divorce?” Owning a small business or an interest in the family business will be handled as part of the community property division process. The valuation and division of the community property interest in the business is legally and financially quite complex. The business owner or…
How Do You Handle a Family Business During a Divorce
How do you handle a family business during a divorce? Can you keep the business running while ownership and associated property division issues are resolved? California business owners who get divorced will face crucial issues regarding the viability and division of a family owned company or business. This is why it is so important to consider a prenuptial agreement to…