When a couple going through a divorce are also bubsiness partners, it can create a complicated asset and property division situation. Typically, the parties will refsue to continue working together and the business must somehow be divided. The first step is usually to get a estimated valuation of the business. This will provide a starting point for the parties. The second step is to determine how a party will be compensated for his/her equity, and which party will continue running the business. Dividing the equity can be as simple as one party buying out the other's interest in the business with a lump sum or periodic payment. However, it is not usually that simple. What happens when both parties want to continue running the business? Or neither do? This is when an experienced divorce attorney can explain your options and assist you in determining what may be in your best interests.
http://www.westmontattorneys.com/Divorce-Child-Support/
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