Family Business and Divorce

Family Business

An expert team working to protect your business

The Court has a broad discretion to determine the extent of the assets to be divided between the parties.

This does not however mean that a family business will be wound up and divided between the spouses upon divorce.

The accounts of the business will need to be analysed in order to ensure that there is a full understanding of the true worth of the business’s underlying profitability, goodwill value and/or income stream. However, in some cases, it is not necessary for a business to be valued if the reality is that the business relies on one person and the value of the business is an income-producing asset only.

It is important that there is a clear understanding of the business is needed in order that the most appropriate strategy is adopted. Rayden Solicitors have a wealth of experience in dealing with family businesses and divorce, and can draw upon an expert team of accountants and barristers to assist.

Rayden Solicitors is committed to equality and diversity and in doing so supports and advises all members of our community.

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