Business attorneys will tell you nothing is more complex than dealing with the dissolution of business partnership. They even refer to it as a “business divorce.” However, there may be something more complicated than a “business divorce,” and that is an actual divorce between spouses who jointly own a closely held business. Almost one-third of the 2.6 million companies authorized to do business in Pennsylvania are small businesses of fewer than […]
Category: Executive Compensation
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.
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.
A recent article in Business Week considers whether it is a good time to defer performance-based bonuses into qualified plans, a worthy consideration for divorcing executives.