Owning a business brings an additional challenge to getting a divorce. You have 3 options. 
You could continue to run the business as co-owners. This probably doesn’t sound good to most people. If the relations are strained between you and your ex, working together might be a less than ideal way to live your life.
You could sell the business. This is probably not the choice that most people want because your business might be something that is really important to you – your baby. Who wants to sell something you are very fond of.
You could buy your spouse out. This is the ideal choice if there are adequate resources to make this happen. It may be the you get the business and the spouse gets everything else.
Then there is the problem of establishing a value. Your spouse is going to take the position that the business is extremely valuable, while you may have a more realistic view of it’s current value. You will probably have to hire someone to place a value on the business, that that is likely to be someone’s opinion can be somewhat subjective. One needs to be careful that you don’t give up your share of the assets in order to hold onto a business that may not survive or be sustainable. Unfortunately business owners sometimes have an unrealistic expectation for the rosy future of the business.
Perhaps you should make an appointment with Ty Zdravko. Ty Zdravko practices law as a divorce attorney, and family law attorney in Palm Harbor, Clearwater and the surrounding area.
For more information, visit our website at www.divorceboardcertified.com
or call (727) 787-5919.
What if the man is the victim. The man is the victim 10 percent of the time, according to National Domestic Violence Hotline. Male victims have the same rights and resources as female victims.
coverage together, and you may have to find new insurance separately. And the separate coverage for the two of you is probably going to be more expensive than the shared coverage.
judge asks that the parties work out a custody arrangement through mediation, and if that fails, the arrangements are set by the court. Bu what can you do when the other party doesn’t live up to the arrangements?
you got married, but it is a definite reality. A pension is a marital asset, and that portion of the pension that was accrued during the time that you were married generally needs to be split with your ex spouse.
today’s world, the courts lean in the direction of working towards join custody, but joint custody is not always awarded, and you want to do whatever you can improve the custody rights that you are awarded.
sake. That is certainly desirable for the kids. Divorce is traumatic enough as it is. If you stay in the house, the kids can maintain their relationships with their friends, and keep going to the same school. But we can’t always have everything we want. The house may have been purchased with there were two incomes to contribute to the mortgage payment. Now you may only have one. There is always the issue that the house may not fit the new lifestyle. Mon may not be able to keep up the house without help.
experience emotions that you never had before, with an intensity you probably never had before. You may want to consider going to a therapist to help you work through the challenge.