Written by attorney John Carl Hoelle

What Happens with a Business in a Divorce?

In many families, at least one spouse owns an interest in a business. One of the most challenging issues when it comes time to divorce is how to handle that business. While every case is unique, here are a few general things to consider if at least one spouse owns a business.

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Guidance from a legal professional is all the more important when it comes to working through issues that crop up with a business in divorce. It's the "business" of both spouses to understand how the law treats this issue, so that they are properly planning for their future, are in compliance with the law, and so that any settlement put forth to the court will be approved. John Hoelle is the co-founder of Conscious Family Law & Mediation, offering collaborative divorce mediation, or legal representation with strength and integrity, in metro Denver/Boulder, Colorado.

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