All posts tagged splitting couple

Divorce and your business: six scenarios for after the split…

Many businesses are founded and run by a husband and wife team. What happens to the business if they divorce? The ‘clean break’ principle The Family Court’s position is that whenever possible, there should be a clean break between ex-spouses. This means a property settlement, with the combined asset pool being broken into two chunks. When the assets include a business, the property split can take place in a number of ways… Read the full article. A story by Greg Parker for mybusiness.com.au

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