If you need advice or assistance with a business in divorce, Stuart Gordon Solicitors can help you.
We are often approached by clients who have concerns about how their business might affect their divorce settlement. Going through a divorce is already a challenging time, and the additional stress about what might happen to a business you have worked hard to build can cause significant distress. However, our experienced divorce lawyers can help. We have helped many clients navigate the challenges that come with business and divorce. Our solicitors take the time to understand your situation and your desired outcome to build a legal strategy that works for you. To discuss your specific circumstances with one of our business and divorce lawyers, call us today on 0113 2444 999 or complete our online enquiry form, and we will get back to you right away.
How will my financial settlement be affected by my business?
Having a business can make the process of financial settlement more complicated. When you are going through the divorce process, the family courts will deal with your business as part of the financial settlement. Your business must be valued as a standard part of the financial disclosure process. It is important to have experienced lawyers on your side as there is the potential for your business to be valued unfairly, which will impact your financial settlement. Our lawyers have experience of managing divorce cases involving a business and can provide the advice, support and assistance you need.
Will I need to sell my business if I get divorced?
This is a concern we hear from many clients, and understandably so. You have worked hard to build your business, and the last thing you want is to lose your source of income at this challenging time. Our lawyers can help.
Generally, the courts do not like to interfere with the running of your business, and it is very unlikely you would be forced to sell your business. The court does have the power to order the sale of a business as part of the division of assets in a divorce, but this is generally impractical and not in the best interest of either party. One situation where the court may order the sale of a business is where one party has refused to make a lump sum payment, but again this is rare.
Contact Stuart Gordon, Divorce Solicitors Leeds
Here at Stuart Gordon Solicitors, we know that you will have many questions about your divorce, divorce proceedings and indeed financial settlements, and we are here to help you every step of the way.
To discuss your case with us, ask any questions, or set up a face to face meeting to take things further, please contact Stuart Gordon Solicitors today. We can be contacted by phone, email or via the website. We look forward to helping you.