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Our law firm's blogs are intended to educate the reader in the relevant practice area.  All blogs are not to be construed as legal advice.  Please consult your scenario with a licensed attorney prior to making any decisions based on content intended to solely educate the reader.  

Business Lawyer For Divorce Between Business Owners in Florida

Posted by Alejandro I. Velez, Esq. | Jan 14, 2023 | 0 Comments

When a couple divorces in Florida, their debt and marital property – the property they have accumulated and shared during their marriage – is subject to property distribution. Depending on your jurisdiction, it is either split equally (community property states) or equitably (equitable distribution states).  Florida is an equitable distribution jurisdiction.  Sometimes, marital property includes a business that the couple started together or, alternatively, one spouse started either before or during the marriage and continued to grow during the marriage. The business, under these circumstances, will also likely become subject to property division unless you take steps to safeguard it. Read more on how to safeguard your business.

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