Business and Divorce Attorney in Bradley Beach, New Jersey

How is a business divided in a New Jersey divorce?

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typically in new jersey

um

there’s a

spouse

one or the other who is the

main driving force of the business

the other person

supports that person

maybe they’re working at home and taking

care of kids allowing that person to be

to have the flexibility and the time to

to do this business maybe that other

person is you know doing some clerical

work or making appointments or helping

with the website in any event both

parties are contributing toward the

enterprise

but

generally speaking the non-titled spouse

is going to be entitled to some

percentage of the business which is less

than 50 percent is it 25 percent is it

40 is it 37

sometimes there’s more art than science

when it comes to that and there’s

certainly the art of the deal

uh negotiation

but that’s how the non-title spouse

receives

monies by way of their contribution

toward

the family business sometimes it’s a

family business and both are equally

involved and typically there is more of

a 50 50 type of arrangement

Bradley Beach, NJ family law attorney Brian Winters explains how a business is divided in a New Jersey divorce.

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