Protecting Your Business Interests During Your Divorce
When you own and operate your business, each day presents new challenges. It’s your job to handle it all: retaining and growing your client base, resolving supplier and employee disputes and other pressing issues. If you are currently engaged in divorce proceedings, you are probably struggling to manage professional, personal and legal responsibilities.
When you work with the Law Offices of Harris & Literski, you do not need to face these tasks alone. Our lawyers have facilitated divorces for business owners operating in a range of sectors in Brighton and the adjacent communities. Whether you are self-employed or operate a medium-sized entity, we are qualified to protect your interests at every stage of the process.
How Michigan’s Property Division Laws May Affect Your Business
In Michigan, divorcing spouses retain ownership over property and assets they held before the marriage. It is up to a family court judge to approve a property division agreement for the marital property, assets and debt.
Timing matters for business owners. These factors will affect the outcome of your property division agreement:
- If you established your business before your marriage, a large portion of your business assets may be considered separate property, shielding these assets from property division negotiations.
- If you founded your business during your marriage, your spouse may be entitled to receive a portion of your assets and property.
- If your business developed during your marriage, your spouse may be entitled to receive a portion of its increase in value.
Our lawyers have decades of property division experience. We use this insight when we develop a strategy that minimizes the impact your divorce has on your business’s viability. As skilled negotiators and accomplished litigators, we are ready to fight for fair terms in court or around the negotiating table.
When your business’s future is on the line, you need a legal partner you can trust to defend your livelihood. You can rely on our team at the Law Offices of Harris & Literski to address your property division concerns so that you can focus on running your business.
Consult With Us Today
Get in touch with us today and schedule your free property division consultation. You can reach us over the phone or by completing our confidential contact form.