When faced with the task of advising a client on the division of a family business or business assets upon a spousal separation, it is imperative to approach the matter with meticulous attention to detail and a comprehensive understanding of the intricacies of the different legal areas. It is customary for such scenario to be contemplated and considered from a family law perspective, however there are also several key business law strategies that should be taken into account, when addressing business ownership complexities in separation proceedings. This practical guide seeks to provide a business law perspective for managing the division and continued operation of family-owned businesses during spousal separation.
