New Jersey Divorce Lawyer Discusses Equitable Distribution of a Business

As a dedicated New Jersey Divorce Lawyer, clients often ask how a business will be divided.

    • The first thing that must be done to equitably distribute a business, is to have it valued.
    • Both parties are entitled to have the business valued.
    • If one person is still working at the business, the other spouse is only entitled to 1/3 or 60/40 the value.
    • The parties can always litigate for more if one of the spouse happens to work at the business or has equal share in the business.

Do you own a business, and worried that your spouse may be entitled to a portion of the value? Contact experienced New Jersey Divorce Lawyer Salvatore Simeone for help.

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This educational video was brought to you by Salvatore Simeone, an experienced New Jersey Divorce Lawyer.