Get in touch today 0345 450 5558 enquiries@stephens-scown.co.uk

FAQs

My spouse is a partner/shareholder in the business. Will they continue to be following the divorce?

The answer to this depends on many factors – if the business is very valuable and there are few other capital assets to offset, it may necessitate the couple staying in business (albeit with legal safe-guards) as neither spouse could afford to buy the other out. In the majority of cases however the court will try to reach a settlement which enables one party to run the business and retain the shares whilst buying out the other party in respect of their share which is usually independently valued.

Contact us today

    Contact us for expert advice