Family-owned businesses and divorce

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Thursday, August 3, 2017.

If you and the person you are married to have been discussing divorce, there may be a number of unique details surrounding your situation that can have an impact on your decision to split up and life afterward. For example, a number of questions may be raised if you have children or are unsure of how your marital property will be divided. At Bebout, Potere, Cox & Bennion, we also know that some couples in Michigan may struggle with divorce because they have a family-owned business that will be affected by their decision to end the marriage.

Whether you run a restaurant, retail store, or any other business with your spouse, ending your marriage can be particularly complicated. For example, you may be unsure of whether or not your decision to divorce will have an impact on business, or you could be uncertain of how your assets will be split up during the divorce process.

Because of the unique challenges couples who run businesses together may face when splitting up, it is important for you to pay special attention to your responsibilities and rights as you move forward. Fortunately, by having a better idea of what to expect and being ready for any potential hurdles that come up in the courtroom, you could be able to secure an outcome that protects your business and serves your best interests.

If you head over to the section of our website that concentrates on divorce, you will be able to read even more material on the topic of splitting up with a spouse.

Call the Experts Today to Discuss Your Situation and Get Answers. (248) 651-4114