Divorce Planning For Business Owners

As a business owner, you are used to planning ahead. However, divorce is something that's hard to plan for, even when you know how common it is. Whether you and your spouse own a family business together, or you run your own business, it is likely to make your divorce more complicated.

Ways To Protect Your Business Before You Divorce

The best ways to protect your business interests come long before you even consider divorce, but you may not have factored in the possibility of divorce when determining the structure of your business. If you think divorce is a possibility in the future, other measures you might want to consider include:

  • Creating a postnuptial agreement that designates your business as nonmarital property so that your business will not be subject to property division during divorce
  • Limiting your spouse's involvement in running your business, which could limit their ability to claim ownership in any aspect of the business
  • Paying yourself a competitive salary, rather than putting all your earnings back into your business

Fighting For Your Business During Divorce

Since most people do not plan to get divorce, not everyone takes the ideal precautions before it's too late. That doesn't mean you have to give up ownership in your business. You may still be able to buy out your spouse through other marital assets. You have options, and a skilled lawyer can help you figure out the best way to proceed.

I'll Fight For Your Interests

I'm attorney Jackie Gonz. I've dedicated myself to helping people through divorce in Missouri since 1992. I'm an aggressive litigator know for fighting hard for my clients, especially when the stakes are high. In especially complex disputes involving divorce for business owners, I work with skilled business valuation professionals to further strengthen your case.

Don't wait to get the legal guidance you need. Call me at 573-303-3015 or send me a message online. I have offices in Ste. Genevieve, Crystal City and St. Louis.