What can I do if my spouse is interfering with my legitimate business activities?

As an entrepreneur, investor, or business owner it is natural that you would be concerned about the impact your divorce will have on business activities. As well as the personal toll, a poorly managed divorce may result in your spouse restricting what transactions you can enter into or attacking the value held within your business.

In the course of proceedings, maintaining the financial status quo is required as well as not doing anything that can be seen as dissipating assets. That should not, however, restrict you from making legitimate investments, as divorce should not be seen as a blanket ban on moving capital. Likewise, spouses can often apply for the extraction of cash reserves held in a business, arguing that they should be used for their claim rather than being retained for future investment.

Throughout proceedings, presenting business affairs in a transparent manner will be vital in avoiding attracting suspicion or appearing in a bad light. Our in-house corporate expertise, allied with our legal acumen, will help you protect your business activities. We will help you reassure your spouse that transactions are legitimate, whilst ensuring any settlement is truly in tune with the needs of your business activities. For those involved in a family company, where a spouse might be a shareholder or a director, we can also assist. Often parties worry that their spouse might make things difficult, harming trade or the long-term interests of the firm. We can advise on managing difficult situations like this in the best way, including when the intervention of the court might be necessary or how the court can help.

If you’re considering or going through a divorce and want to protect your business, click below for a free initial consultation with one of our expert divorce solicitors.

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