Can I Sell My Business During A Divorce?
Total income, belongings, and debts obtained within the marriage are generally marital belongings. Properties acquired individually prior to the marriage are considered separate property and should not be burdened with the equitable distribution. Properties in Florida are subjected to be divided equally during a divorce. As a matter of fact, even debts and other assets are to be distributed equally. If you undertake a business during your marriage, the business and the properties acquired during the marriage are deemed marital assets. Thus, should be divided between the spouses equally. As a rule, a spouse may sell his or her business during a divorce especially if the subject property is a property not acquired during the marriage and not part of the marital property regime. However, if the other spouse has ownership rights too, the spouse who sold the property is obligated to compensate the other. The case for the dissolution of a marriage does not have an adverse