Many Wisconsin couples run small businesses together and, when they divorce, it is not uncommon for one spouse to transfer their ownership interest to the other spouse as part of the divorce settlement. Often it boils down to one spouse not wanting to continue to work alongside the other when both have played an active […]
Dividing Marital Property in a Divorce : Short Term Marriage Versus Long Term Marriage
Although Wisconsin is a community property state, which means couples split assets 50/50 in a divorce, the court has discretion to consider various factors when deciding what is fair and equitable when dividing marital assets. Two significant factors that the court will consider are the length of the marriage and the property each spouse brought […]
Divorce and Business Ownership
The possibility of divorce should be an integral part of your business financial planning – the survival of your business may depend on it. It is not just your own divorce you need to worry about, but the possibility that your business partner or an investor may divorce down the road putting your company at […]
Divorce and Family Business Valuation
Many couples in the U.S. are small business owners. If you and your spouse are considering divorce, figuring out what to do with the family business requires careful consideration. If you and your spouse have a good working relationship and can put aside your differences, one option is to continue to own the business together. […]