Divorce for business owners
A divorce when you own a business asks for more than family law alone. Valuation, prenuptial agreements and the continuity of your company all play a role.
When you divorce as a business owner, your private life and your company meet. Is the business part of the assets to be divided? What is it worth? And how do you make sure the company can carry on? These are questions that call for a solicitor who understands both family law and business.
Is the business part of the division?
Whether your business has to be divided depends on how you are married and on any prenuptial agreement. Even when the business itself is not divided, its growth in value during the marriage may have to be shared. We sort out what applies to you.
Valuing the business
The value of a business is not a fixed figure. Different methods lead to different outcomes, and the choice of method can make a big difference. We work with independent valuers and critically review valuations from the other side.
Maintenance and business income
For business owners, the income available for maintenance is often a matter of debate. Profits retained in the company, salary paid to yourself and private use of company assets all count. We make sure the calculation is based on the real figures.
Continuity of the company
A settlement has to be affordable without putting the business at risk. We look for solutions such as payment in instalments or a different division of other assets, so that your company can continue.
Discretion
A divorce of a business owner affects staff, customers and financiers. We handle your case discreetly and keep the process out of the public eye wherever possible.
Client reviews
To divide our assets and amend our prenuptial agreement I wanted a firm that knew its business. James Hartley understood my interests as a business owner immediately and handled them very discreetly. His help brought calm in a turbulent time.
After a difficult process around our prenuptial agreement and the business, I was helped really well here. James Hartley is a pleasant solicitor to work with. Everything is now settled fairly and professionally. That is one big worry less.
Discuss your case with a solicitor
Tell us about your situation without obligation. We will explain where you stand, which steps are open to you and what you can expect from us.