Divorce or civil partnership dissolution will certainly have an impact on your business. Historically, it has always been assumed the family business would be protected during a divorce, however, recent case law has shown that this may not always be the case.
Today, the family business is considered to be an asset alongside the matrimonial / partnership home, investments and pensions. Every divorce is different and the court now considers all the family circumstances when arriving at a settlement.
We act for clients dealing with the problems that arise when divorcing couples work together in or jointly own family businesses. A business may need to be protected to ensure its potential can be maximised for the benefit of all concerned. We work in conjunction with other professionals in order to ensure you are aware of the effect of the divorce and financial settlement on your business.