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Divorce/separation

Splitting limited company when divorcing

2 replies

CBradshaw · 08/05/2019 21:07

Husband and I are just starting to look at divorce. He started his own business 2 years ago and we are both shareholders (him 60%, me 40%).

Does anyone know how they split the company in divorces? The company doesn't make a lot of profit (most of the money it brings in goes on salary/dividends, expenses and savings for tax bill. I'm wondering how much if anything I may be entitled to?

OP posts:

Thanks

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NotSuchASmugMarriedNow1 · 08/05/2019 23:03

You can't split a company so you'll remain a shareholder unless one of you buys the other one out

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Lonecatwithkitten · 09/05/2019 09:20

Dividends/ tax bill are profit and then go to the shareholders.
The company needs a proper valuation for sale as assets such as equipment should be included. Then one of you would potential but the other out or you both remain shareholders.