Can a small business survive after the divorce of its co-owners or “copreneurs?”

A small business can survive and even thrive after the divorce of its co-owners or “copreneurs” as a business couple who owns a shared company is sometimes called. It’s hard, but it can be done. In the US, couples co-own 3.7 million small businesses, according to the Census Bureau. When all is going well in the business and in the marriage, the arrangement may be beneficial for all parties. But, what happens when the marriage dies? Does the business survive? Most of the time, the business relationship ends too and the revised company ownership is thrashed out in court. But,

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After the Divorce: A New, Financially Sound You

The divorce is final and the settlement is done. If mistakes have been made, they are in the past, and nothing short of going back to court is going to change them. It is time to move forward. The average length of marriage for those that end in divorce is eight years, according to the U.S. Census Bureau. In that amount of time, a lot of financial and personal decisions have been made. Now it is time to make new decisions. Become Your Own Person During your marriage, you identified yourself as half of a couple. Now it is time

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Tax Audits Are a Common Result of Divorce

The last thing anyone wants to experience is a divorce. It’s a process that everyone hopes to forget. However, one of the worst ways to be reminded of it is by receiving a “tax audit.” And if you think this is something that could never happen to you, just look at the statistics. More than 50 percent of all marriages end in divorce. Based on CDC, 6.8 marriages per 1,000 people in the U.S. are married and 3.6 marriages per 1,000 people divorce. You ask how does the IRS know that they should audit you from the divorce? Well, that’s

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Handling taxes after filing for divorce in Missouri, Illinois, Kansas and Oklahoma

Learning about the tax implications surrounding divorce helps immensely when it comes to reducing frustration and avoiding financial blunders. There is a lot to take care of when you are thinking about divorcing, are in the middle of a divorce and even after the divorce has been finalized. Divorcing couples in Missouri, Illinois, Kansas and Oklahoma should be sure they take out some time to learn what they can expect when it is time for them to file their taxes as newly divorced people. The right information goes a long way in keeping your emotional, mental and financial burden as

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Financial problems may arise following later-in-life divorces

According to the most recent complete data available, the Missouri Department of Health and Senior Services report that there were over 23,000 Missouri marriages that ended in divorce in 2010 – with 3,000 divorces in St. Louis County alone. While these numbers may not be especially alarming in today’s day and age, a study conducted by Bowling Green State University indicates that although divorce rates have remained relatively stable over the last 20 years nationwide, the divorce rate among those aged 50 and above has more than doubled – divorces which are often referred to as “gray” divorces. Specifically, researchers

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Prenuptial Agreements Line by Line

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Strategies For Family Law Illinois

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Strategies For Military Family Law

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