FAQs Saving the Family Business

My spouse and I run our own business and I do not want it to go belly up as a result of our divorce. How can a family law lawyer help me save our business?

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Written by Russell Alexander ria@russellalexander.com / (905) 655-6335

A family law lawyer can help you save your family business by giving it priority during interest-based collaborative negotiations.

In many family law matters involving children, the spouses are able to agree to cooperate in order to address the best interests of the children.  In many ways, a family business can be used as a similar incentive: spouses can agree to cooperate in order to address the best interests of the family business.

While fueling conflict is an almost unavoidable side effect of the court system, a collaborative approach is a very effective method in reducing the impact of separation and divorce on family run businesses. This process seeks to ensure that the business remains viable for both spouses, as well as future generations.

 

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About the author

Russell Alexander

Russell Alexander is the founder of Russell Alexander Collaborative Family Lawyers and is the firm’s senior partner. At Russell Alexander, our focus is exclusively family law, offering pre-separation legal advice and assisting clients with family related issues, including: custody and access, separation agreements, child and spousal support, division of family property, paternity disputes, and enforcement of court orders. We have locations in Toronto, Markham, Whitby (Brooklin), Lindsay, and Peterborough.

For more information, visit our website, or you can call us at: 905-655-6335.