A business owner’s spouse who signed a buy-sell agreement was bound by the value in a divorce action.
How do you know whether a professional practice (e.g., medical practice, dental practice, law firm or accounting firm) might have value that can be divided in a a divorce? Here are three signs that a professional practice might have value.
August 10, 2009 | Business Valuation, Complex Financial Issues, Court Decisions, Divorce, Executive Compensation, Income Calculations, Legal Perspective, Marital Property, Professional Practices, Settlement
The Seventh Circuit held that the salary earned by a CEO of a privately-held business (including a $17 million year-end bonus) was neither excessive nor a disguised dividend.
Asking your fiance for a prenup doesn’t have to spoil the joy of your engagement.
I heard about it, and read about it (thanks, Death&Taxes!), but I didn’t see the episode of the TV series 30 Rock when Jack and his wife Bianca settled their divorce. The negotiations were heated: Bianca: I want our divorce to be final.Jack: All right. I want back all the jewelry I ever bought you.Bianca: Fine.Jack: I want the art supplies that I gave you on your 40th birthday, and […]