Dividing Small Businesses in Divorce – New Content from Grisi & Budde

We often have clients who own a small business (or two). The most significant question we receive from these clients in our consultations is “What is going to happen to my business?”

As a small business owner myself, I understand the worry and fear in this question. Losing the business means losing your livelihood, your past, and part of your own identity.

Fortunately, businesses are rarely killed off in divorce cases. Typically, if there is marital equity in the business, one party keeps the business and pays the other a sum of money for the marital portion of the business.

We’ve just published a guide containing an overview of how a a small business or closely held corporation is divided in divorce cases, which you can find at this link.

If you wish to speak with an experienced attorney regarding how your Ohio business may be affected by your divorce case, you can call Grisi & Budde at (330) 535-8171 or schedule an in-office consultation online using this link.

Published August 8, 2019

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