How is a business treated in divorce?

A business is treated like any other asset which can be divided between the spouses as part of a divorce settlement. Valuing a business in divorce involves assessing tangible and intangible assets, business income, and the trading pattern to determine its worth. The division of a business can involve one spouse buying out the other’s interest, continuing to co-own the business post-divorce, or selling the business to a third party.

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