Business Ownership and Divorce

May 6, 2022

Dear Friends,

Going through a divorce when significant assets are at stake can be overwhelming and confusing. How can things be divided if you're a partner in a small business? What if you're the stay-at-home spouse of a business owner? How can jointly owned properties be fairly split? You want to make sure you're getting a fair division of what the two of you built during your marriage.

These are all questions that our experienced team handles often. Whether you've built a business or enabled your spouse to build a business, you're entitled to an equitable division of the value. Our firm has significant experience using forensic accountants and business valuation experts to learn the real value of a business and discover hidden assets, accounts, cryptocurrency, and more.

Both partners contribute to a marriage, and you deserve your fair share.

For more information on what you need to know if you're going through a high-asset or high-income divorce, click here to download our free eBook, 4 Mistakes to Avoid When Navigating a High-Asset Divorce.

If you're considering divorce and have concerns about how your assets will be divided, please feel free to call our office at 770-637-3043 or visit our website at gentrylawfirmgeorgia.com. Stay tuned to our newsletter and Facebook, YouTube, Twitter, Instagram, and LinkedIn accounts for resources and more.

Stay well,

Bill Gentry

Gentry Law Firm LLC

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Who Gets to Stay in the House during a Divorce or Separation?

If you and your spouse own a business together and are going through a divorce, you might wonder if the two of you should continue to stay business partners after the divorce. The short answer? It's probably not a good idea.

Click here to watch our full video for more helpful information on what you need to know about separating a business during a divorce.

Small Business & Entrepreneur Lunch

My good friend and local attorney, Phyllis Collins, and I are holding small monthly lunches for local entrepreneurs to discuss problems and opportunities for our own businesses. As Covid winds down, we're all having to adapt to new and changing circumstances, and I'd love to hear your opinion!

Email us here if you'd like to be part of our next lunch!

New Faces: Erica Slack

One of the newest members of our team is our Client Relations Specialist and Legal Assistant, Erica Slack! Erica joined us in February and was previously heavily involved with restaurant development, has certification in life coaching, and is active in youth engagement for resiliency awareness and suicide prevention through Resilient Horizons.

In her free time, she enjoys trying out new restaurants, spending time with family and pets, and traveling to see historical sites.

Click here to read more about Erica and the rest of our outstanding team.

News & Resources

How understanding divorce can help your marriage

To understand what makes marriages work, we need to talk about why they sometimes end, says family law professor Jeannie Suk Gersen. Follow along as she lays out three ways that thinking about marital decisions through the lens of divorce can help you better navigate togetherness from the beginning.

Click here to watch the full video from Ted Talks.