Divorce and Family Businesses
Do You Need to Value the Business When Dividing Assets?
Yes. The value of a business is often crucial in understanding the true wealth of the family’s assets. How a business is valued depends on its structure — for example, whether it is a sole proprietorship, partnership, or limited company.
A common misunderstanding is that the cash in a business bank account equals the overall value of the business. In reality, the valuation process is far more complex and must consider assets, liabilities, future income, and other financial factors.
What Am I Entitled to From the Family Business?
Entitlement depends on the circumstances of the marriage and the role the business plays in the family’s financial picture. To achieve a fair outcome, it is essential to have a clear understanding of the business, its structure, and its true value.
At Capital One Law Solicitors, we have significant experience in dealing with family businesses during divorce. Where necessary, we work alongside expert accountants and barristers to provide specialist guidance. Our goal is to ensure that your settlement is realistic, fair, and protects your long-term financial interests.
Our Experience
We regularly handle cases involving:
- Businesses wholly owned by one spouse
- Businesses jointly owned with third parties
- Complex business valuations
- Complex tax considerations
- Issues involving the appointment of a liquidator
- Use of company assets to fund a settlement
Our Approach
We understand that a family business is often more than just an asset — it may represent years of hard work, family legacy, or future security. That’s why we approach each case with both sensitivity and expertise, ensuring the right strategy is adopted for your unique circumstances.
💬 Get Expert Advice Today
If your divorce involves a family business, professional legal and financial guidance is vital. Call us on 07958623124 / 01753382782 or complete our Contact Form to arrange a confidential consultation with one of our divorce and business specialists.
Check some information on Govt site