The emotional realities of divorce are tough enough as they are but add in the complexities associated with property division and the process can quickly seem overwhelming. This is especially true when a family business is implicated in your...
Divorce can have a major impact on your business. If you are a business owner, you may even stay in a bad marriage or put off filing for divorce because you worry about what it can do to your business. This is understandable and a natural fear since divorce can have a major effect on many aspects of your financial…
One of the most major assets that a divorcing couple may have to address is if the couple owns a family business together. Determining how to divide a family-owned business in an equitable manner that pleases both spouses can be challenging which is why it is helpful for divorcing couples to know about the different options for handling a family…
There are different ways that couples in Michigan earn money throughout their marriage. Sometimes both spouses work and earn money, sometimes only one spouse works. Also, some may be employees of another company or independent contractors. Others may be the owners of their own businesses though and earn their money through their businesses. However, owning a business also means that…
Michigan newlyweds may not have a lot of money or other assets when they first tie the knot. However, this doesn’t mean that they won’t acquire assets in the future that they would like to account for. For instance, someone who starts a new company may want to claim ownership of it and protect any revenue generated while they’re married.…