Resources

Depending on various circumstances, if one spouse in a divorce action has an ownership interest in a business, that ownership interest can be deemed a marital asset subject to equitable distribution with the non-business owning spouse. Consequently, your wife may indeed have a “marital interest” in your business. In general […]

Your question implicates one of the more complex areas of family law in New Jersey. To begin, a basic understanding of business “value” in the context of a divorce is necessary. Many are surprised to learn that the goal of a business valuation in the context of a divorce is […]

You’ve worked your whole life to build a successful business. You are delighted that your daughter has decided to join you in the business after her graduation from college. After she demonstrates a long-term commitment to the business, you decide to gift an ownership interest in the business to her. […]

I am the sole proprietor of a business which provides services.  If I were to leave the business, the business would undoubtedly die because it is entirely dependent on me.  Does this mean that my business has no goodwill?  How is “goodwill” determined? By way of preface, remember from my prior Ask the […]