Minnesota Business Owner Divorce Blog
Benefits of a prenuptial agreement for your business
You have a successful business, and now you’re preparing for another chapter in your life: marriage. It’s an important milestone, and you’re excited, but you’re also concerned about how marriage might affect your business. All the hard work, money and time you...
How to protect your business from divorce
Divorces are messy, and while some are amicable, many become contentious. Because of this, many male business owners are afraid that they'll those their business during divorce. If your spouse agreed to sign a prenuptial (before marriage) or postnuptial (after...
Can a postnuptial agreement help protect my business?
Divorce can present a tricky situation for business owners, especially for those who didn’t start their business until after they were married. When your business started after your marriage, it has much more likelihood of being considered marital property, meaning...
Count your assets before you hatch your divorce plans
Your assets will be on the table once your divorce begins. It could all be counted, classified and valued, so make sure you come prepared for the process to unfold. If you’re not ready, it could cost you more than you think. Minnesota will look to divide your assets...
How can “double dipping” affect what you pay after divorce?
If you are the sole provider of your marriage, you may find yourself paying spousal support after your divorce. While the judge will weigh multiple factors into the amount you pay, your income will play a significant role. But when you own your own business, a poor...
How can you protect your business in divorce?
When you are a business owner, divorce can put your business at risk. You may have to give up partial ownership or pay your spouse a significant amount of the business value. So how can you make sure your business stays protected? Part of protecting your business...
How will your business’ value be determined in divorce?
If you are a business owner facing a divorce, you’ve more than likely thought about how your business might be valued at as you work to divide assets with your former spouse. While it’s fairly straightforward to set the worth of a car or a house, setting a business’...
Effective divorce pre-planning
Though you may enter a marriage thinking it will last, for nearly half of couples, that is not the case. If you are considering getting a divorce, there are a few things for you to consider. A very beneficial aid in the divorce process is a pre-plan. There are a...
Do you need a forensic accountant on your divorce team?
Once you remove your emotions from the equation, you will find that, at its core, divorce is about dividing assets and debts so that you and your soon-to-be-ex-spouse can get ready to move forward with your lives. While some divorcing couples find the process of...
4 tips to keep separate property from the transmutation coil
Perhaps you are about to enter your second marriage. You are well off, you enjoy a high standard of living and you have learned a few things from your first marriage. One of these lessons is that it is remarkably easy—and dangerous—for separate assets to...