Divorce.co.uk

The UK's premier resource on divorce & separation

 

Downloads

The following downloads provide further useful guidance.

Business owners - preparing your case
download mp3 PDF | download mp3 Audio

Outside the business
download mp3 PDF | download mp3 Audio

Businesses on divorce - is the tide turning?
download mp3 PDF |

Business owners

Presenting your case

What are you trying to achieve – what do you want the court to do with the business?

A lot depends upon whether you are involved in the business, or whether you are outside the business but want to share the financial benefits.

  • Early on in the case, you will need to think about what you want to happen:
  • do you want to keep control of the business;
  • do you want the business interests to be shared, with shares being reallocated;
  • is it a question of sharing income, and if so, would that be from dividend income, or from maintenance;
  • do you want the business sold;
  • do you want the business to be passed on to the next generation;
  • do you want to sell the business on retirement?

Each one of these approaches needs to be justified to the court. Much depends upon what type of business it is, and how it has built up.  Much also depends upon your respective attitudes to trust and working together after divorce.

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