The right advice for divorcing family business owner clients

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...