When business owners get divorced, their settlement may have profound consequences for the business and other owners. Often, one spouse “sells” or gives up a share of the business to the other spouse. Since most small...
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Iowa Rejects Rule of Thumb Business Valuation in Divorce
February 11, 2011
A recent decision of the Iowa Court of Appeals illustrates the perils of reliance upon industry rules of thumb to value a business in matrimonial litigation. In Marriage of Hagar (11/24/2010), husband and wife purchased a...
Do Not Let Divorce Dissolve Your Family Business
June 8, 2010
Employ legal tactics and structures to prevent a divorce from deadlocking the business....
Buy-Sell Held Controlling Where Wife Signed
September 4, 2009
A business owner's spouse who signed a buy-sell agreement was bound by the value in a divorce action....
Three Signs of Enterprise Goodwill in Professional Practices
August 13, 2009
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...