Resolving Business Asset Disputes in Divorce

Property determinations can be difficult in any divorce. These issues become even more intricate when one spouse owns all or part of a business, or when both spouses operate a family business. It is necessary to identify the financial structure of the business, its value, and its approach to business succession — whether the objective is to sell the business or purchase the other spouse’s interests in the business.

At Thomas J. MacLennan, Barrister & Solicitor, we advise clients through the divorce process, drawing on more than 35 years of experience to resolve complex property division concerns. We represent clients who own all or part of professional practices, small businesses, family-owned businesses and other business assets.

Ontario Asset Division Lawyer

Our Toronto divorce and business valuation law firm works with necessary experts such as certified business valuators, chartered and forensic accountants, real estate appraisers and other specialists to accurately value:

• Business book value vs. market share value
• Forms of spousal income within the business
• Share growth during marriage
• Marital interests in the business

Equally important to accurately valuing the business is identifying the objectives for business division. Often, especially if one spouse has a more significant role in the business than the other.  However, if both spouses are equally involved in the business, more creative solutions may be necessary to satisfy both parties. Incorporating Operant Billing can also help streamline financial management and support equitable solutions in the division process.

For compassionate advice and straightforward answers, contact our highly knowledgeable Toronto divorce lawyer through our online form or call 416-591-1354 to arrange a consultation.