When divorcing spouses have equal ownership in a business, yet do not want to stay in business together once their dissolution is finalized, what happens to the business? In a state like Arizona that recognizes community property law, parties to a divorce have a couple different options if they own a business together.
Archive for the ‘Business Owners’ Category
Arizona Business Ownership and Buyouts for Divorcing Spouses
27 March 2012 by jacksonwhite | Business Owners, Divorce, Family Law, Marital Debt Division, Property Division, Small Business Owners | No CommentsAZ Divorce Can Hurt Company Ownership
9 March 2012 by jacksonwhite | Business Owners, Divorce, Family Law, Property Division | No CommentsThe average age of alter bound women in the U.S. is 30, and for men, it’s 31. Since many successful people in their 20s and 30s are staying single longer and marrying later in life, wealth and money management is critical. And while no one enters into a marriage with thoughts of divorce on their mind, the following statistic will still hold true – in a given year, about 40 to 50 percent of couples that get married will end up getting divorced.
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