You can determine the value of your business by analyzing the business assets. You would need to calculate the liabilities and subtract them from the business assets. Assets and liabilities can be challenging to measure because factors like intellectual property are...
Divorce
Navigating divorce as a business owner
Separating assets in a divorce can be a challenge, especially if you are an entrepreneur. Depending on your circumstances, your business could be a marital asset. You should review your options to protect your business and seek a fair outcome to your divorce. Business...
What steps should you take before asking for a divorce?
When a person wants to divorce her or his spouse, the decision comes with a lot of ground to cover. Before discussing the matter, parties may want to take specific steps to make the legal process easier. FamilyEducation offers a pre-divorce checklist for those...
3 tips for property division in high net worth divorces
As an individual with a high net worth, your divorce can become very complicated. Splitting up property can be difficult in any divorce, but when you have significant assets at stake, you will have additional factors to consider. Here are three tips to remember during...
How does Minnesota divide up marital assets?
While every aspect of a divorce can be hard, the division of assets often brings out strong emotions in the divorcing parties. Both you and your spouse likely have clear opinions about what belongs to each of you. Regardless of your feelings on the matter, Minnesota...
Retaining focus at work during your divorce
Keeping your divorce from derailing your career requires you to set boundaries. Retaining your focus even when your personal life is less-than-ideal can help you to continually prepare for your future despite the current uncertainty. Because divorce is such an...
Can you close a joint account before divorce?
Divorce will cause you to think twice about things you never would have considered before, such as how you can protect your assets from a person you once loved. Though asset protection will prove to be a lengthy and complex process, one of the most obvious places to...
Who will get the family business in your divorce?
The family business you and your spouse started in the early years of your marriage has expanded and become more profitable over time. Now that you are facing divorce, your company will be the focal point of the property division process. Here are three options for...
Thriving beyond your divorce
Finding contentment during and after your divorce in Minnesota may seem unlikely when you are in the throes of separation. The ongoing emotional distress you feel can create additional challenges if not addressed the right way before it is too late. Getting your...
How Minnesota divides assets in divorce
If you have come to the end of your marriage, you may wonder how you and your spouse will divide your shared assets and debts. Minnesota is an equitable division state, so the laws call for a fair but not always equal split of marital property. Review the guidelines...
