The right advice for divorcing family business owner clients

Making it work with proper planning and professional advice

clock • 5 min read

In the second of a two-part series, Joanna Toloczko explores how to best advise clients going through a divorce involving a family-run business...

It is difficult enough to resolve issues concerning properties, savings, investments and pensions when a couple decides to divorce, but where do you start if the couple are in business together? This article assumes that the business is run as a limited company but it is possible that it is operated as a partnership or limited liability partnership (LLP) in which case different considerations will apply. Investigation of current position The first step is to investigate the current position. The couple and their advisers will need to identify the shareholding of each party. How many...

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