Entrepreneur / Business Owner Divorce
A divorce becomes a much more complex issue when one or both partners are entrepreneurs or business owners. For the most part, this means that the company must be evaluated for asset allocation purposes as part of the equalization of accrued gain. In addition to the family law disputes, the parties must still deal with the complex content of company law and tax law. Give that, in many cases, livelihoods are at risk, including quite often those of the shareholders, a competent and comprehensive advice is essential. Upon divorce cases with surprisingly high payments, cash flow and private assets often prove insufficient for the equalization of accrued gains. In such cases, the sale appears as the only option if no credit line is available.
Therefore, it is advisable to prevent such unavoidable liquidity risks with the conclusion of a marriage contract tailored to individual needs.
Now, in case of separation of a married couple and even if a marriage contract was not concluded at the beginning of marriage, there is still the possibility to conceive an entrepreneurial level solution through a tailored separation agreement.
How much child and espousal support must be paid after the divorce depends on the legal regulation of average earnings over the past three years. In addition, contractual amendments are permitted within certain limits.
As an entrepreneur, freelancer or business owner, you should seek the comprehensive legal advice of our lawyers and tax advisors. Our law firm, GRP Rainer offers comprehensive advice on family law, company law and tax law, all under one roof.