Professional Family Law Services For Georgia Families
678-987-8447
In this Section

How can you protect your business from divorce?

Business divorce is a term that refers to divorces that involve a business that both spouses own or that one spouse runs alone. One of the primary concerns of a solo business owner is whether the other spouse has a right to the business in divorce or not. Sometimes, spouses who have helped support the start of a business want to see the reward of doing so. Other times, a business that was already established may have little to do with the other spouse.

If you have not yet started divorce proceedings, then there are some ways you can help make your business divorce-proof. For example, did you know that you can place your business in your prenuptial or postnuptial agreement and establish what happens in the event of a divorce?

Georgia is an equitable-distribution state, which means that you and your spouse will split your assets equitably, not necessarily equally. While some people share the responsibilities of a marriage, others find that distributing their assets unevenly is more appropriate. In that case, there's a good chance you could argue for your business to remain your own. On the other hand, if you want to leave your business with your spouse, then that might be a possibility also.

You and your spouse have the potential to work out how to divide your business or split your assets on your own or with the help of mediation, arbitration or a judge. It's a good idea to look into your options carefully before you move forward with negotiations that could threaten your business.

No Comments

Leave a comment
Comment Information
  • Family Law attorney in GeorgiaOrdway again selected by Atlanta Magazine as a top Family Law attorney in Georgia.
  • Ask Super Laywers
  • AVVOOrdway receives AVVO's highest attorney rating of "Superb."
  • AV Preeminent
  • Recognized As Legal Elite
Email Us For a Response

Seek Trusted Advice

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Ordway Law Group, LLC Two Ravinia Drive Suite 1705 Atlanta, GA 30346 Toll Free: 800-509-2718 Phone: 678-987-8447 Fax: 678-579-0989 Atlanta Law Office Map