Divorce is a difficult time for everyone involved, and business people are just as prone to divorce as the rest of society. Crucial decisions have to be made in all areas of life, and proceedings become more arduous when commercial assets are held and valued.
Businesses can be the most valuable asset you have, and after countless hours spent growing and nurturing your own company, divorce can offer a devastating blow. The impact of divorce on business can result in vastly differing financial consequences, and getting the best legal advice is the key to protecting your wider interests.
Valuation of business assets
Determining the value of a business is an integral step during a divorce, and it is recommended that you seek professional advice regarding valuation. Valuation is an art, not a science, and the valuation of a business can often mean thousands if not millions of pounds are added to…