In the previous blog post, we began to talk about the issue of dividing a closely-held business in the process of a divorce. The first matter discussed was whether the business would be considered marital property under Pennsylvania law. If the business was established before the marriage, then the more salient issue is going to be what the value of the business was before the marriage (when it was separate property), and what the value of the business was during the marriage (when it was marital property).
Many people invest heavily, in different ways, in their marriages and in their businesses. When one of those investments fails, it can start to drag the other one down. In this blog post and the next one, we will look at ways to protect a closely-held business from being lost when a marriage breaks up.