Divorce and Business Ownership: Navigating the Legal and Financial Issues When Spouses Own a Business Together
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will explore practical solutions to the complex legal issues that arise when divorcing spouses are also co-owners of a private business. The panel will review whether the business constitutes marital property, identify the options available, and offer sophisticated solutions to labyrinthine legal and financial problems that arise at the intersection of divorce and business ownership.
- The business as marital property
- Valuing the business
- Closing the business
- One spouse buys out the other
- Managing liquidity and cash flow problems
- Terms of transfer
- Sale to a third party
- Co-managing the business after divorce
- Running the business until the issues are resolved
The panel will review these and other pivotal issues:
- Is my former spouse entitled to part of my business in a divorce?
- What are common ways to divide a business in a divorce?
- Should the parties continue to be part of the company after our divorce?
- Who can make financial decisions for the store after filing?
- What if the business is a franchise with future options and obligations?
Kelly L. Burris
Cordell & Cordell
Ms. Burris has settled and litigated complex custody cases and property cases involving multi-million dollar estates.... | Read More
Ms. Burris has settled and litigated complex custody cases and property cases involving multi-million dollar estates. She has also successfully litigated child custody relocation cases.Close
Mark S. Gottlieb, CPA/ABV/CFF, ASA, CVA, CBA, MST
Mark S. Gottlieb, CPA
Mr. Gottlieb leads his team of highly qualified professionals in conducting forensic accounting investigations,... | Read More
Mr. Gottlieb leads his team of highly qualified professionals in conducting forensic accounting investigations, independent business and professional practice valuations, calculations of enhanced earnings capacity relating to professional licenses and degrees, and a continuum of financial and economic analyses.Close