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The Canadian divorce rate is increasing each day. Even if you never want to think of your marriage ending in divorce which is hard in reality, you should be prepared for that. You need a family lawyer who understands your situation and can help you move ahead. A family lawyer in Brampton educates and guides you through the entire divorce procedure. Follow this slide to know how to protect your business during a divorce in Canada.
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SACHDEVA MILNE LAW GROUP TIPS TO PROTECT YOUR BUSINESS DURING A DIVORCE
Marriages in Canada can be dissolved through annulment or divorce, both of which involve a judicial decree Sachdeva Milne Law Group
DIVORCE AND BUSINESS The couple's divorce will almost certainly affect business management and operations and may impact other family members Sachdeva Milne Law Group
With the right planning, your business can survive a marital breakdown Sachdeva Milne Law Group
Divorce rates have been rising steadily since 2000 Sachdeva Milne Law Group
Sachdeva Milne Law Group HOW TO PROTECT YOUR BUSINESS IN A DIVORCE? Keep Your Expenses Separate Purchase Shares Using Excluded Property Buy-out the Share Create a Contract Pay Your Spouse for Their Work
Createa Contract 1. Sachdeva Milne Law Group
Creating a contract before or after getting married to someone is a great way to protect your business Sachdeva Milne Law Group
Sachdeva Milne Law Group A prenuptial agreement can avoid losing any part of your business in case of a divorce
2. Pay Your Spouse for Their Work Consider paying your spouse for any kind of input contributed by them Sachdeva Milne Law Group DSS IT SERVICES
This can help in preventing them from claiming more portion of your business later if you get divorced Sachdeva Milne Law Group
Sachdeva Milne Law Group 3. Keep Your Expenses Separate Keeping clear records can avoid your ex from accusing you of having benefited more from your business
Sachdeva Milne Law Group 4. Purchase Shares Using Excluded Property
Sachdeva Milne Law Group During the split, your spouse can’t claim any part of the business since the investment was made through your property
Sachdeva Milne Law Group 5. Buy-out the Share You could buy out your ex’s share after the valuation of your business
Sachdeva Milne Law Group Family Lawyer in Brampton When you apply for a divorce, you should consider consulting a family lawyer to get good legal advice and keep the complications to a minimum
GET IN TOUCH WITH SACHDEVA MILNE REACH OUT https://www.sachdevamilne.com/ CALL NOW TO SPEAK TO A LAWYER 1 (905) 230-9111 Sachdeva Milne Law Group 373 Steeles Ave W Unit 206, Brampton, ON, L6Y 0P8, Canada