How Your Business Can Be Affected by Your Divorce?

Dec 27, 2022

Getting a divorce while running a business can create a challenging situation. For instance, your soon-to-be ex-spouse may be a business partner, which can significantly complicate things.

Fortunately, Levitsky Law Firm PLLC is here to provide insight on the matter. If you’re getting a divorce in NY, we recommend you work with us to ensure it goes smoothly as possible. Without further ado, let’s go over the nuances of getting a divorce and how it can impact your business.

The most important thing you need to define is how much your spouse contributed to your business. If your spouse was the co-founder of your business, this situation could get difficult in relation to amicably splitting. They may be entitled to a portion of your business’ assets and more depending on how much they contributed.

There are multiple ways to protect yourself from this situation, such as having a:

  • Prenuptial Agreement
  • Postnuptial Agreement
  • Buy-Sell Agreement
  • Or simply ensuring your spouse is in no way connected to your business.

Unfortunately, it can be too late to avoid these situations if your spouse has been an active part of your business, wants a divorce, and wants a stake in the company you built with them or for their efforts in the company. That’s why it’s important to know that business and divorce can be messy, and they can devastate all parties involved.

If you’re in need of a divorce in New York and your business is involved, then it’s time to contact your Brighton Beach divorce lawyer. Levitsky Law Firm, PLLC, is here to help you when you need it most.

We provide expert legal services to help you during your divorce and will ensure to protect your business interests. Call us today to schedule a consultation, and let us take the fight into our hands.