Prudent business owners plan
for the worst and hope for the best.
While you may get along well with your partner, you may not want to be
partners with their spouse. This could
occur i
f your partner and his or her spouse were to divorce and interest in
your business is transferred to them.
Nebraska law generally requires that assets between spouses be equitably
divided in a divorce. Ownership
interests in your business certainly constitute an asset and could end up in
the hands of the spouse that you never planned to operate a business with. To help ensure that ownership interests could
not be transferred to a spouse it is best to have a Partnership Agreement,
often called a buy-sell agreement, in place ahead of time. It is cost effective even for small businesses
to plan for the future and avoid litigation and court costs before the need
arises. Madathil Law Office helps small
businesses plan for the future and have a framework in place that protects the
business if partners ever decide to go separate ways, or a partner must liquidate
their assets for any reason.
Contact Madathil Law Office today if you would like to learn
more about how to plan for the future of your business.
Madathil Law Office, LLC
Employment
and Business Law
1625 Farnam Street #830
Omaha, NE 68102
T: 402.577.0686
F: 402.932.9551
Office helps small businesses plan for the future and have a framework in place that protects the business if partners ever decide to go separate ways, or a partner must liquidate their assets for any reason. buybusiness
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