S9 Ep54: Can a Business Be Split Even if Only One Spouse Built It?

#ChooseGoldman If a business was acquired or grown during a marriage, it is typically considered a marital asset subject to distribution, regardless of whether only one spouse built it. Courts rely on professional valuations to determine the business's true worth and profitability before making a final property award. • Businesses built or acquired during the marriage are generally treated as marital property and are subject to division. • Even if one spouse managed the business alone, marital contributions from both parties are considered by the court. • Prenuptial or postnuptial agreements may provide legal protections or specific guidelines for business distribution. • Professional valuation by financial experts is essential to analyze revenue, allowable costs, and actual profit margins. • The degree to which a business is split depends on specific details flushed out during the property award process. 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 For more information: https://akivagoldman.com/michigan-divorce-lawyer For additional information, watch these videos: What Happens To a Business In a Divorce? - https://www.youtube.com/watch?v=YKmGbmNuHmA What Should Business Owners Know About Divorce? - https://www.youtube.com/watch?v=sBpY3hcb7WA Visit us at ChooseGoldman.com #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #MichiganDivorce #BusinessValuation #MaritalAssets #PropertyDivision #AssetDistribution #SmallBusiness #MichiganLawyer