How Will My Business Be Divided In My Divorce?
When going through a divorce, you will be forced to make some difficult decisions. Part of the process is deciding how to divide your property. For a business owner, knowing how to determine what is fair can be tricky. Fogelman Law Firm has helped clients throughout Ohio navigate the difficult road ahead. Together we can work toward the best possible result.
Understanding All Of The Options
While each spouse may not have an official stake in the company, both have usually contributed to the business in some way or another. Because of this, a business is an asset and will be treated as such. As your attorneys, we will help both spouses get what is equitable to them while still maintaining the livelihood of the business.
Regardless of the size and nature of your company, we have helped people from all walks of life. These issues can be resolved in many ways. The most common solution is a buyout. This is when one spouse buys the other spouse’s interest, leaving one spouse with total ownership. Another option is agreeing to a co-ownership, meaning you both jointly own the business. For some, selling is the best decision. It all depends on how you want to move forward, and we are here to help with that.
Call Today To Learn More
You may be unsure how to move forward, which is a normal feeling for most. Talking to an experienced attorney is the best way to get started. We have three convenient offices in the Cincinnati metro area. Contact our office today at 513.548.5568 or email us by clicking here.