Divorce, Dissolution and Business: Companies and Business Partnerships

Many of the matters we handle involve complex company and business partnership interests between couples. Our divorce solicitors are well equipped to deal with cases of this type and where necessary, they will work in conjunction with our Business Services Department which can be invaluable in particularly complex cases.

Many couples derive an income from a family business in which one or both parties work and have a shareholding. When a couple divorce or dissolve their civil partnership, the value of a shareholding may need to be established as a capital asset, in addition to assessing the income which it produces.

We have considerable experience of the following:-

  • Understanding and analysing company accounts (balance sheet, profit and loss account and cash flow)
  • Asking the right questions so that a comprehensive disclosure is provided
  • Instructing accountants to value the business both in terms of its capital worth and future income
  • Assessing the right basis of a valuation, for example, on maintainable earnings (for example in the trading company) or on an asset basis (where the net realisable value of the assets is greater than the capitalised value of the dividends and earnings or on dividends alone.
  • If the shareholding is a minority, what discount should be applied?
  • Is the company akin to a quasi partnership? In which case, should any discount be applied at all?
  • What is the value of the underlying assets owned by the company?
  • Issues of liquidity.
  • Tax implications.

Without a proper understanding of the true value of a business, a fair settlement may not be reached.

Our divorce solicitors and Business Services team are specialists in this complex area of law please call us or email us today.

Our Experts

Ian Butterworth

Partner & Solicitor

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Deborah Leask

Partner, Solicitor & Joint Head of Family

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Sean McNally

Partner, Solicitor & Joint Head of Family

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Katie Taft

Partner, Solicitor & Mediator

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Lauren Harley

Associate Solicitor

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Charlotte Cooper

Paralegal

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Georgina Emerson

Solicitor

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Georgia McWilliam

Trainee Solicitor

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Raluca Parker

Personal Assistant

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Elizabeth Perks

Secretary

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Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

Bournemouth
302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
London
Office 320 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
Poole
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Ringwood
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
Swanage
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
Wimborne
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact