Business Owner Divorce Specialists
We know business.
Like your relationship, you’ve likely invested a lot emotionally and financially into your business.
If you’ve found yourself on the verge of divorce or even if you’re happily married, it’s important to take the steps to protect yourself, your employees if you have any, and of course your business.
No one begins a marriage with the prospect of divorce in mind; however, when it comes to your future, it is important to be thoughtful and deliberate about business matters and relationships.
You’ve got to start somewhere.
For all proceedings there are five documents you’ll need to prepare before you move forward with any legal action.
Divorce and separation proceedings are never going to be a walk in the park, but we aim to make sure the process is as smooth as possible.
Here are three possible scenarios or solutions:
1. Transferring your share of other marital assets, such as your house, for your spouse’s equity interest in the business.
2. Sell an equity interest in the business to an outside third party in order to keep it afloat.
3. Share the business with your former spouse.
These options may not appeal to you now or even be something you are considering but they may be a better alternative to selling your business outright or liquidating assets.
If you are a business owner and facing divorce, you should seek the experienced professional advice of our Family Law team at Leach Legal. We would be happy to help you explore your options and to remind you that you matter.
Call us now for your free 15 minute consultation on (08) 9486 9733 and take the steps to protecting your business and your future.