If you and/or your spouse own a business, the valuation may include business goodwill. Here are the courts’ definitions of business goodwill, the types of goodwill those courts generally recognize, and which types can be considered marital property subject to division on divorce.
Business Valuation and Divorce
WATCH: What Divorcing Individuals Should Know About the CARES Act
Manhattan Tax and Financial Expert John Johansen discusses what divorcing individuals should know about the CARES Act with Divorce Magazine’s Editorial Director, Diana Shepherd.
Top 10 Financial Considerations in Divorce
As you transition from one chapter of your life to the next, what follows is our pick of the top 10 financial considerations to address in divorce.
WATCH: If one or both spouses own a business, is it always necessary to hire a business evaluator?
The first step is to evaluate whether the business is a marital asset or what portion of the business is a marital asset. Was the business gifted to one of the parties before or during the marriage, or has it grown during the marriage, that it was a premarital business and the parties invested […]
WATCH: Are stock options considered assets to be divided during divorce?
Are stock options considered assets to be divided during divorce? The first thing we need to look at is what is a stock option? A stock option is the right to buy stock in a company who employs the spouse at a discounted or fixed price within a certain period of time. Stock options can […]
Shepreneurs: Keeping a Small Business Alive After Divorce
When it comes to keeping a small business alive after divorce, reducing the negative impact of divorce on yourself, your staff and the day-to-day operations is critical.
5 Different Ways To Protect Your Business During Divorce
There are several different things you should do to protect your business during divorce. Here are five things you should know during this difficult period.
WATCH: What should a business owner’s first step be to avoid disruption during divorce?
What should a business owner’s first step be to avoid disruption during divorce? Illinois Divorce Lawyer Candace Meyers answers:
Property Division on Divorce: Are You Leaving Money on the Table?
Don’t leave money on the table during divorce! By understanding property division on divorce, and knowing what property can and cannot be included in the marital estate, you will have a better chance of getting your fair share.
Hiring A Business Valuator — When Is It Necessary and Worthwhile?
It’s never required that the parties engage in a business valuator, the parties agree to valuations. Unfortunately those agreements are not as forthcoming or as frequent and forthcoming as we might like. There are ways of looking at business value without hiring and obtaining the opinion of a business valuator. Give you an example of […]
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