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Navigating divorce as a business owner presents unique challenges. Unlike regular employment, a business owner's income and benefits can be complex and subject to manipulation. Determining the value and role of the business in the divorce is crucial, especially when it comes to asset division and support calculations.

*Business ownership complicates income assessment for support and property settlement due to the potential for income manipulation. *The type of business entity (corporation, LLC, etc.) and ownership percentage are critical factors. *Decisions need to be made about dividing the business or keeping it intact, especially if both spouses are involved. *Careful consideration is required to avoid artificially inflating income through bonuses or other temporary gains. *Accurate business valuation is essential to establish its worth in the division of marital assets.

In a divorce involving business ownership, it's important to transparently assess the business's value and income. This might involve professional valuations and strategic decisions about the business's future role for both parties. Ultimately, a fair and realistic approach to handling the business is key to reaching a settlement that respects both the business's integrity and the parties' financial interests. (248) 590-6600 Call/Text

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For additional information, watch these videos: What Every Business Owner Should Know When Filing For Divorce - ChooseGoldmanlaw https://www.youtube.com/watch?v=C7Y6TmbqhXc

What Happens [To The Business That I Started With My Ex Before Our Divorce] - ChooseGoldmanlaw https://www.youtube.com/watch?v=YDVP5DmRBSc

For more information, read blog below: https://akivagoldman.com/blog/divorce/how-to-handle-divorce-as-a-business-owner

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