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.
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.
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.
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.