Business Ownership vs. Business Value: What Is Actually Divided in a Divorce?
When a business owner goes through a divorce, one of the first concerns is often: “Will I lose my company?” A common misunderstanding is that the business itself—whether an LLC, corporation, or partnership—is treated as marital property. In practice, the distinction is more refined. Understanding the difference between the legal entity and the value it represents is critical when protecting your position. The Business Entity as a Separate Legal Structure Although a spouse’s interest [...]