If you own a business and you are in a relationship breakdown then finding a swift and sure way through divorce proceedings will be your goal.

No business owner is able to function well when they have family law problems.

Your motivation disappears, and the stress of dealing with the divorce and finances takes over your ability to think clearly and manage the bottom line.

Family First Solicitors can help you understand your options if you own a Limited Company, or have other business interests such as a partnership share, or a trust.

Business and Divorce.

If you own the Business

Time is money in business (we know, we run one) and you need your case to be dealt with efficiently and with a focus on arriving at the endpoint. You will probably want a clean break, which is encouraged by the court wherever possible. You may need to negotiate a spouse out of the shareholding, or directorships. You will need to think about tax, valuations and sharing or not sharing in any profits whether retained or distributed. Liquidity is key when small to medium business is involved, and unrealistic expectations from a spouse can cause frustration.

If your partner owns the Business

If you are on the other side of the fence and you know your spouse has involvement or ownership of a business, you will need technically astute advice so that you get your fair share. Understanding balance sheets, reading the accounts, and how income is controlled and manipulated by your spouse is key to articulating your case.

  • Depending on the size and complexity of the business you will need more or less input from other professionals such as accountants for valuations, tax accounting, and independent financial advice. Our senior lawyers have experience in SMEs, partnerships and LLPs, business valuations and Self Invested Pension issues arising from business.
  • Our firm have always been conscious of the bottom line in fees. If you still want to handle some of the issues yourself then see our Pay As You Go page here but if you need to instruct a solicitor for all your paperwork then we are able to talk you through your likely costs, with our full representation monthly bill and budget service.
Businesss and divorce papers. Family First Solicitors - Family Lawyers and Divorce Solicitors Oxford London

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