By Appelhof, Pfeifer & Hart, P.A. | Published July 24, 2023 | Posted in Divorce, Family Law | Tagged Tags: division of property, family business, protect your business interests | Comments Off on What Happens to the Family Business During Divorce?
When you own and work in a family business along with your spouse, it can significantly complicate your separation. What happens to the family business when you eventually decide to split? Is the business marital or separate property? The first issue is to determine whether the business is marital or separate property. Even if you started Read More
Read MoreIf you’re a business owner going through a divorce, it’s critical you do everything you can to protect your business interests. Your livelihood moving forward depends on it. Here are just a few strategies you can employ to accomplish this. Contracts: You can develop either a prenuptial (referred to as antenuptial agreements in Minnesota) or Read More
Read More