how do you divide a bussiness ? that basically supports both parties.
2007-03-05 06:12:03 · 7 answers · asked by beverlyemley 1 in Family & Relationships ➔ Marriage & Divorce
The first answer is basically it. You either buy out your spouse, let your spouse buy you out, or sell the business and split the proceeds after any debts are retired.
2007-03-05 06:18:00 · answer #1 · answered by camys_daddy 5 · 1⤊ 0⤋
You either sell the entire business or you continue to run it as equal partners splitting the revenues as well as the bills that go along with that business. And to do that fairly, it's often easier to bring in a third party to run the finances...unless you can trust each other or work on this together.
OR.... and I see this alot, you can have the business appraised and one can buy the other out.
It really all depends on how well the business is doing and how well the exes can get along.
2007-03-05 06:54:47 · answer #2 · answered by Hollynfaith 6 · 0⤊ 0⤋
An amicable agreement between the two parties is always preferable. Perhaps one could compensate the other and walk away a full owner? There's no cut-and-dry answer, but it'll always be better if the parties work it out rather than have a judge decide how its going to be.
2007-03-05 06:17:52 · answer #3 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋
Their joint partnership in the business is independent from their marriage. If they are failing as business partners they handle it just like any other failed business partnership.
2007-03-05 06:32:42 · answer #4 · answered by Martin Pedersen 6 · 0⤊ 0⤋
You spill everything..Sell the business or buy out the other person.
2007-03-05 06:16:23 · answer #5 · answered by ERICKSMAMA 5 · 1⤊ 0⤋
This will have to be settled by the court not the two of you!
2007-03-05 06:41:43 · answer #6 · answered by beamer 5 · 0⤊ 0⤋
i agree.. buy out or spilt... thats the only fair thing to do
2007-03-05 06:21:37 · answer #7 · answered by chrissy30753 2 · 0⤊ 0⤋