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FAQs

My spouse is a partner/shareholder in the business. Will they continue to be following the divorce?

The answer to this depends on many factors – if the business is very valuable and there are few other capital assets to offset, it may necessitate the couple staying in business (albeit with legal safe-guards) as neither spouse could afford to buy the other out. In the majority of cases however the court will try to reach a settlement which enables one party to run the business and retain the shares whilst buying out the other party in respect of their share which is usually independently valued.

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