How to Approach Separation When There is a Business Involved

20 April 2022
 Categories: , Blog

Divorce can be tricky at the best of times, but it may present even more problems where one or both parties are business owners. If you are in this position, what steps should you take in relation to the business if it now appears that divorce is inevitable? Property Assessment In Australian law, businesses may be treated as "property," no matter the type of business structure involved. This means that the business could be a sole trader, partnership or company but will nevertheless be treated as an asset and theoretically part of the property pool. Read More