separation agreement<\/a>.<\/p>\nThis document should be drawn up by an experienced legal professional, and both parties should seek independent legal advice before agreeing to it.<\/p>\n
Wrapping up<\/h3>\n Dealing with business interests in divorce is a complex matter, even in the most amicable of cases. However, there are steps you can take to protect your limited company and increase your chances of retaining ownership and control of the business.<\/p>\n
The situation may be more complicated when spouses own and manage a company together. Comprehensive articles of association and a well-drafted shareholders\u2019 agreement are essential in such cases, to ensure that both parties are protected.<\/p>\n
Whatever the circumstances, you should seek specialist legal advice as soon as possible, to avoid losing control of your business. Your solicitor will provide tailored advice, discuss potential tax implications and other additional costs, and work in your best interests to reach an acceptable resolution.<\/p>\n
If you have any questions about this post or any other matters relating to limited companies, please leave a comment below or contact our expert team.<\/p>\n"},"excerpt":{"rendered":"
Generally, a limited company is not protected from divorce, regardless of whether it is set up before or after a marriage takes place. During divorce proceedings, a company is treated just like any other financial asset, which means that company shareholdings and profit are considered matrimonial assets. In this post, we look at the way…<\/p>\n","protected":false},"author":10,"featured_media":9892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false},"categories":[1234],"tags":[],"class_list":["post-9889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-compliance-legal-filings","category-1234","description-off"],"acf":[],"yoast_head":"\n
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