How divorce affects company shares, a sole proprietorship and the spouses' joint property.
The divorce of a person running a business must address both family and property matters. What is included in the division depends, among other things, on the marital property regime and on when the business was established.
For company shares or a sole proprietorship, valuation and determining which assets are joint and which are personal can be decisive. A well-planned division helps preserve the continuity of the business.
It is worth considering amicable solutions — an agreement on the division of property is often more advantageous than a lengthy court dispute.
The material above is for information only and does not constitute legal advice. Please contact the firm regarding your individual case.
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