43 min
Who controls the family business in a divorce? Modern Divorce - The Do-Over For A Better You
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- Mental Health
If one spouse owns a business and the other works with it, then what happens when they split up? Or if both own it and one has to leave - suddenly without a job and an income?
So many questions are answered in this important podcast featuring Modern Divorce Host Billie Tarascio and Arizona attorney Darin Colburn who pick apart the strategies and possibilities when valuing and splitting up a business. They cover how to value the business, and whether it's good to pay an expert to do that (watch out for the gotchas!). Also, they talk about how a judge looks at tax returns and whether the deductions you take affect the valuation - and the judge's opinion of you!
This is a fascinating walk through the considerations of splitting a business and what that means for spousal support and more.
If one spouse owns a business and the other works with it, then what happens when they split up? Or if both own it and one has to leave - suddenly without a job and an income?
So many questions are answered in this important podcast featuring Modern Divorce Host Billie Tarascio and Arizona attorney Darin Colburn who pick apart the strategies and possibilities when valuing and splitting up a business. They cover how to value the business, and whether it's good to pay an expert to do that (watch out for the gotchas!). Also, they talk about how a judge looks at tax returns and whether the deductions you take affect the valuation - and the judge's opinion of you!
This is a fascinating walk through the considerations of splitting a business and what that means for spousal support and more.
43 min