S10 Ep04: Can My Ex Force Me to Sell My Business?

#ChooseGoldman Attorney Akiva Goldman explains that a business started during a marriage is typically considered a marital asset regardless of its independent corporate status. Michigan courts utilize professional evaluations to determine the true investment value of a business, which often leads to buyout negotiations during the divorce process. • A business is presumed to be a marital asset if it was established during the course of the marriage. • Independent legal structures like Corporations or LLCs do not exempt a business from being divided as a marital asset. • Courts perform professional evaluations to determine the true value of a business based on its income-generating potential. • The valuation often compares the business to the amount of investment capital needed to generate equivalent annual income. • Business owners who wish to retain their company must typically prepare for buyout negotiations or asset trades. 📞 (248) 590-6600 Call/Text 📅 For a Complimentary Phone Case Evaluation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 Click here to watch the video: https://youtu.be/iUqfuMU9bUg For more information: https://akivagoldman.com/michigan-divorce-lawyer ⬇️ Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ Learn more in our blog: https://akivagoldman.com/blog/divorce/can-my-ex-force-me-to-sell-my-business Visit us at ChooseGoldman.com #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #MichiganDivorce #BusinessValuation #AssetDivision #MaritalProperty #LegalAdvice