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...

Divorce For Business Owners And Professionals
Divorce, property division and the value of your business
On Behalf of Ordway Law Group, LLC | Oct 23, 2020 | Divorce For Business Owners And Professionals
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...
Filing taxes for the year of divorce
On Behalf of Ordway Law Group, LLC | Feb 9, 2018 | Divorce For Business Owners And Professionals
Finalizing a divorce in the middle of a tax year can lead to some questions that will need answers during tax season. There are several issues to think about that may arise.One example would be mortgage interest. It can be taken as a deduction on a tax return, but...
Modifying a child support order when circumstances change
On Behalf of Ordway Law Group, LLC | Jan 17, 2018 | Divorce For Business Owners And Professionals
Child support orders are based partly on the child's needs and partly on the paying parent's income. When the paying parent's income drops, due to job loss or other financial pressures, it can become impossible to live up to an old child support order. Falling behind...
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