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However, when disagreements arise between family members who own the business together, it can lead to a situation known as "business divorce." This term describes the process of separating ownership interests in a company, which can be just as difficult and emotional as a marriage ending.

When embarking on a business venture, partners start out sharing a common vision of success and prosperity. Yet, as time unfolds, differences can emerge, distancing the partners sometimes to the point of ending the relationship, leading to the need for a business divorce. This process, akin to a marital divorce in complexity and potential acrimony, requires careful navigation. Drawing from our experiences, we explore below some of the intricacies of business divorce in New York, highlighting key issues and providing a deeper understanding of how to manage these challenges.

As a business owner, you have a lot to think about when it comes to protecting your company's assets and interests. One issue that may arise is whether your LLC business partner can compete against your business. Read on for more.

As a high-income professional or business owner, you've worked diligently to build your wealth and secure your future. In the complex world of finance and law, two particular types of agreements can offer considerable protection for your assets: prenuptial (and postnuptial) agreements and LLC Operating Agreements. Read on for more.

When your marriage is over and your divorce involves the equitable distribution of businesses or other high-value assets, it is important to choose the right attorney to represent you. Of course, you need to choose someone with whom you feel comfortable, can communicate well, and who you can trust. But that doesn’t mean that you have to go with a traditional family law or divorce attorney. Read on for more.

Relationships are a fundamental part of our lives, whether they are personal, professional, employment, or somewhere in between. From our marriages, to our employment, to our work or business partnerships, these relationships require different skills and approaches to be successful.

Probably Not in New York.