Strategic Toronto Family Lawyer Assisting Business Owners & Entrepreneurs

Business owners, including professionals who own businesses, such as lawyers, dentists, doctors, and accountants, have unique concerns about protecting their assets in the event of separation or divorce.

Property division, including division of business assets, is an important step following the end of a relationship. This can quickly become emotionally contentious, and can also be legally and financially complex, particularly for spouses with significant business holdings.

At NULaw in Toronto, we have a comprehensive, broad-based practice that includes both corporate law and family law. We draw on this deep knowledge to provide across-the-board advice to business owners who want to proactively plan for the possibility of divorce. We advise professionals and entrepreneurs who are contemplating marriage, as well as those whose marriages have ended and who have begun the process of separation and divorce.

Protecting Business Assets Before Marriage

While many people do not want to think about the potential breakdown of a marriage before they have even gotten married, such possible life changes should be taken into consideration by business owners and entrepreneurs. It is incumbent upon business owners to protect their assets from potential future risk, including the significant financial implications of a divorce.

The best way to account for potential risk to your business stemming from a divorce is through a marriage contract, also known as a pre-nuptial agreement, or prenup. A prenup can be an effective tool through which to protect assets, including business assets, in the event of a breakdown of the relationship.

If you own a business and are contemplating getting married, you should consult with a family lawyer with substantial experience advising entrepreneurs and business owners. At NULaw we have many years of focused experience advising business owners on how best to protect their business assets going into a marriage, and how to effectively manage future risk. Our client-focused approach allows us to tailor our legal guidance based on your specific needs and circumstances.

Separation and Divorce for Business Owners and Entrepreneurs

If you own a business and are contemplating separation, or are already in the process of becoming separated, it is crucial to obtain advice from a divorce lawyer with significant experience advising entrepreneurs and business owners. The lawyers at NULaw in Toronto have assisted business owners in protecting their assets during and after a separation for many years. We understand that you have devoted your life to growing your business and the end of a relationship can derail your hard work. We provide legal advice and guidance on protecting your most valuable financial asset.

If you own a Business and want to Protect your Assets, contact NULaw in Toronto

At NULaw we have years of experience guiding business owners and entrepreneurs through changes in their personal lives. Our goal is to fully understand the nuances of your venture, protect your assets, and safeguard your financial future as your circumstances evolve. Contact us online or at 416-481-5604 to book a consultation.

Is School During COVID-19 an Educational Decision or a Health Decision?

The start of the new school year has brought along concerns and precautions that most families have not every experienced before. Some parents have made…
Read Post

Father Reminded That He Cannot Unilaterally Alter Support

It’s common for many relationships to require sacrifices from all involved. When children enter the picture, it’s not uncommon for one parent to step away…
Read Post

Beneficiaries Disagree On How Estate Should Be Distributed

Having a properly drafted will is one of the most important first steps involved in creating an estate plan. In an ideal world, a will…
Read Post

Contact

NULaw
509 Davenport Road
Toronto, ON M4V 1B8

Tel: +1 416 481 5604 Fax: +1 416 481 5829

NULaw proudly services clients in Toronto and throughout Ontario