A divorce has the potential to significantly affect your business. However, there are ways to help yourself and to protect your business.There are a few different things that anyone with a business should do before going through a divorce. Here are a few tips to help...
Business Divorce
‘Sudden Income Deficit Syndrome’ and divorce: What to know
On Behalf of Ordway Law Group, LLC | Dec 28, 2018 | Business Divorce
Could "Sudden Income Deficit Syndrome," be a factor in your divorce?Sudden Income Deficit Syndrome is an affliction that only seems to affect businesses whose owners are going through a divorce. It's particularly common among sole proprietorships. The symptoms can be...
Spouses of business owners: Know if you’re entitled to assets
On Behalf of Ordway Law Group, LLC | Dec 15, 2018 | Business Divorce
If you are not the spouse who ran a business during your marriage, you might think it's fine to leave the business alone and to walk away. However, you're likely entitled to some part of the profits from that business and may even be liable for some debts.In a...
How do you protect a business during divorce?
On Behalf of Ordway Law Group, LLC | Dec 1, 2018 | Business Divorce
During a divorce, your business may be put at risk. If you run it alongside your spouse, you may end up fighting over who will obtain the business or how to stay in business together.The reality is that around half of all marriages end in divorce, and the number of...
Does your ex get half of your business?
On Behalf of Ordway Law Group, LLC | Nov 9, 2018 | Business Divorce
You're planning a divorce. As a business owner, you worry that your spouse -- soon-to-be your ex -- will take half of the company. Is that how it works?It can be but don't automatically assume that is how things are going to play out. Your spouse may have a far...
Could those business trips lead to a divorce?
On Behalf of Ordway Law Group, LLC | Oct 26, 2018 | Business Divorce
You're very invested in your work, and you're very successful as a result. You own your own company, you broker international deals and your revenue goes up every year.This success does not come without a price, though. In order to keep it going, you have to travel...
How can you protect your business from divorce?
On Behalf of Ordway Law Group, LLC | Oct 20, 2018 | Business 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,...
Starting a new business can put your marriage in jeopardy
On Behalf of Ordway Law Group, LLC | Oct 12, 2018 | Business Divorce
Thinking about starting a new business? If so, you need to consider the fact that it could put a lot of strain on your marriage. In fact, some experts believe that the divorce rate is higher than average for entrepreneurs.Why does this happen? There are many reasons,...
Protecting your business: What can you do?
On Behalf of Ordway Law Group, LLC | Sep 22, 2018 | Business Divorce
As a small business owner, a divorce is probably one of the last things you wanted to have to deal with. You want to protect your business in divorce, but you know that having the business during your marriage means that your spouse is likely able to seek a portion of...
Can I divorce-proof my business?
On Behalf of Ordway Law Group, LLC | Sep 14, 2018 | Business Divorce
Some couples stave off divorce for the sake of the kids. But when couples co-own businesses together, making the decision to split can be just as emotionally fraught because they are economically yoked to the same income stream.It might not be just the financial ties...
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