Divorce can impact every aspect of your life, including your business. If you own a business in Georgia and face a divorce, taking certain steps can help protect your enterprise. Understand how Georgia treats business assets in divorce Georgia is an equitable...
According to the Small Business Administration, about 1.2 million small businesses operate in Georgia. They make up 99.6% of businesses in the state. In divorces, understanding the tangible and intangible contributions a spouse makes to a Georgia business is important...
If you and your spouse have a private business and you are divorcing, you will have to figure out how to handle it before your divorce becomes final. The American Bar Association reports that before dividing business interests, you must determine what is marital and...
After years of marriage, it is likely that a couple has amassed numerous complex assets. From vacation properties and art collections to retirement accounts and digital assets, the divorcing couple will likely face significant challenges in reaching a compromise...
Georgia couples going through divorce have a lot of hurdles to face. Of them, division of assets acts as one of the matters responsible for the most tension. The higher your assets are, the more you have to lose, after all. Unfortunately, some people decide that they...
If you and your spouse are business owners facing divorce, your business will take center stage during the property division process. There are three main options to consider in determining the fate of your company and two of those require a business valuation. Your...
When you get married, you aren’t thinking about what will happen if you get divorced. Similarly, when you and your spouse start a business together, you’re probably not thinking about what happens if you get divorced or the business fails. Marriage and business can be...
How do couples know when it is time to pull the plug on a bad marriage? Should they attempt counseling first before throwing in the towel?Counseling is not a panacea to heal all marital ills. But one licensed family counselor and university professor claims that...
You've been running your Atlanta business for the past 20 years, which is coincidentally how long you have been married. But, as it turns out, your marriage is now ending. You certainly don't want to lose your business as well.It is never a foregone conclusion that...
When you co-own a business with the spouse whom you are divorcing, it can be a bit of a sticky wicket. Few couples manage to soldier on together in the business post-split.So, it's likely that this will be the most difficult part of your property settlement,...
