Businesses

Assets in divorce - Businesses

All businesses may be regarded by the Court as a matrimonial asset in divorce cases. Every business is unique and imaginative ideas are required to enable constructive proposals to be put forward.

The firm’s close connection between the commercial department and the family department means that Sills & Betteridge are not only in a strong position to offer clients advice on future separation but are also in a position to apply commercial and other skills to the negotiation of business assets.

There will be numerous things to consider in each individual case.

If relevant, can the husband and wife continue to work alongside each other?
Is a new business structure appropriate?
Is one spouse able to raise funds to buy out the others interest and thereby leave the remaining spouse to run the business unimpeded?
Can claims be met out of non matrimonial assets?
Is a sale the only practical solution?

Whether or not you have hands on experience of running the business, we will work closely with you to ensure the best outcome. With our commercial department assisting if necessary, we will think creatively around settlement and how capital can be extracted without damaging the business.

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Our reviews

From the minute I spoke with Jade over the phone on the initial telephone appointment I knew I was in great hands. Jade made me feel at ease to discuss sensitive private matters. Jade handled every aspect of my case with the upmost professionalism . Navigating courts and laws can be extremely daunting but Jade assisted me through the long process she explained things to me in a way I could easily understand so as to help things run stress free. Very knowledgeable and took the time to answer questions when I did have worries. She ensured deadlines were met well before time. Excellent communication. Jade's diligent work ethic and attention to detail are assets to this solicitors . Choosing the right legal team is an important decision; with jade and her team I made the right decision. I would definitely recommend this business. Made a very uncomfortable period in my life run as smooth as possible. Thank you Jade
Emma, 06/12/2023

Helen Lennon has supported me with guidance and kindness, through the process of divorce, finances, and children matters. She has been more than my solicitor going the extra mile to help me get through an extremely difficult time in my life, I am so grateful for everything she has done.
Lesa, 25/11/2023

I've had two incidents where I’ve had to reach out to Sills & Betteridge for legal advice and support. I’ve had Ewan on both occasions and the second time on request as he has gone above and beyond his duty to help and support me in my time of need. If It is wasn’t for his continued support, I wouldn’t have found my voice. He is able to see from all angles and considers all thoughts and feelings in both parties involved which I believe is a good thing to have in this line of work as it is done with a genuine act to resolve matters peacefully. Ewan is a credit to his company and the people who have the chance to work with him. I couldn’t recommend this company or Ewan enough! They’ve fought my case two times now and made my voice heard. Ewan definitely deserves a lot of credit and I hope my appreciation will be passed on to him and he’s recognised for his brilliant work and commitment to his clients. Hopefully I won’t have to reach out again in the future but if so they will always be my go to. Thank you so much
Ewan, 15/11/2023

The best most friendly firm I've ever used, Sarah Rowe was a huge help to me in every way supported me through the worst time of my families life. Couldn't recommend this firm enough.
Dani, 14/11/2023