A family business is often one of the most challenging assets to divide in divorce. The first step is valuation—determining what the business is worth, often with the help of a financial expert. Once the value is established, there are a few possible outcomes:

• One spouse keeps the business and “buys out” the other’s share using other marital assets (cash, investments, property equity, or payments over time).
• The spouses sell the business and divide the proceeds.
• In rare cases, spouses continue to co-own and operate the business together after divorce. The court will not require this, but spouses can agree to it.

Because businesses involve both financial and personal investments, disputes over control and value are common. Having an attorney with experience in business division helps ensure the process is fair and protects your financial future.