S10 Ep07: Can My Spouse Claim Part of My Business If They Never Worked in It?

#ChooseGoldman Many business owners mistakenly believe their company is safe from a divorce settlement if their spouse never worked in the business. Attorney Akiva Goldman explains that Michigan courts evaluate marital property rules and the value provided during the marriage to determine how a business should be divided. • Business owners often wrongly assume that a spouse has no claim to a business if they were never an employee. • The court distinguishes between businesses started before the marriage and those started during the marriage. • Contributions of both time and money during the marriage can transition a separate business into a marital asset. • Expert business valuations are frequently required to determine the fair and appropriate division of the company's value. • Even businesses started shortly before a marriage, such as during an engagement, are subject to specific legal scrutiny. Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ Schedule Your Complimentary Phone Consultation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 📞 (248) 590-6600 Call/Text Click here to watch the video: https://youtu.be/vC-i0CMngPA For more information: https://akivagoldman.com/michigan-divorce-lawyer Learn more in our blog:  https://akivagoldman.com/blog/divorce/can-my-spouse-claim-part-of-my-business-if-they-never-worked-in-it Visit us at ChooseGoldman.com #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #MichiganDivorce #BusinessAssets #MaritalProperty #AssetDivision #MichiganLawyer