There are several things to know when you are going through a divorce as an entrepreneur, and how it will impact child custody.
When someone owns a business, and they started that business when they were married, and then they go through a divorce, there needs to be an equitable distribution of the shares of the company.
The legal term for dividing a couple’s assets and debts is called equitable distribution. A four-step process is used to determine how to divide property in North Carolina: Identification, Classification, Valuation and Distribution.
Determining child support usually a pretty cut and dry process, but it is much more complicated when an entrepreneur is involved because it can be difficult to calculate income.
During the divorce process, you may need to value stock options decide how those are going to be divided. Often, this is one of the most difficult and complicated things to do in a divorce.
During your divorce proceedings, most of your property and debts will be divided among you and your spouse through a process called “equitable distribution.”
Many people feel the need to modify their alimony obligations when their small business becomes financially strained.
Due to the unique nature of entrepreneurship, many face complex issues that most divorcing couples don’t face.