Skip to Content
Claery & Hammond, LLP Claery & Hammond, LLP
Call Us Today! 310-817-6904
Top

Married Couples, Small Businesses and Divorce

A Legal Team You Can Trust
|

The Census Bureau reports that married couples in America own 3.7 million small businesses. The difficulty in businesses owned by spouses is that when the marriage falls apart, the company may deteriorate as well. That is why it is important to create an alternate business plan or to determine how the company will be divided in the event of a divorce. Many couples who marry will include a business division plan in their prenuptial agreement as a precaution. Those that fail to do so may discover that their company will be torn apart in a contentious divorce.

Some couples can raise and maintain a business in a sort of "co-parenting" arrangement. Amicable couples often choose to raise their children together, alternating time with the children and collaborating on important decisions for the child's future. In a similar way, many couples may be able to maintain a business relationship long after the divorce takes place.

National Public Radio (NPR) reports that many couples are starting to explore the option of becoming "copreneurs" after divorce. This allows them to separate their personal and professional lives and make sure that their business stays intact despite grim emotional circumstances. There are circumstances where a couple cannot sustain their business in the face of a divorce and may have to sell.

Don't hesitate to contact a skilled Los Angeles divorce lawyer if you and your spouse are currently working together on a co-owned business but would like to get a divorce. A creative and innovative divorce lawyer at Claery & Hammond can help you to explore all options, determine the best division and effectively care for your business. Call the firm today to get more information about how we can help you to preserve your company!

Categories: 

Contact Us Today

Put Your Case in Qualified Hands
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy
  • Featured Los Angeles Times Family Law Practitioners 

  • We Provide Unique, Tailor-Made Solutions for Each Client

  • We Offer a Free Initial Case Consultation
  • Our Team Has Over 50 Years of Combined Experience
  • Our  Attorneys Handle All Types of Family Court Issues
  • We Solely Focus on the Areas of Divorce and Family Law