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Divorce/Business question--what does this mean?
I'm a writer, doing research, and I could use some help understanding something. A man owns a business and he and his wife divorce, and according to an article I read, "the ex-spouse is entitled to a share of the value of the business - often half."
Am I correct in assuming this means he has to pay her (money) for what half the business is worth?
That helps a lot! Thank you!!
1 Answer
- ?Lv 51 decade agoFavorite Answer
That would typically be how it would be resolved. I know a guy that sold his business at a loss, gave the ex her cut, then used his half to start a new business in the same exact field.