Updated December 2019
Building a company from the ground up requires plenty of time, effort and money. Therefore a divorce can be catastrophic for business owners. London divorce solicitors operate in one of the world’s central hubs for business and are vastly experienced when it comes to ensuring that enterprises survive a divorce.
Small firms and start-ups have become an integral part of the modern business world. And the evolution of modern technology has had a significant impact on practically every industry, creating a level playing field for smaller companies to compete with large organisations in the process. This, in turn, has made establishing a small business a very appealing venture for people looking to make money as their own boss.
While the divorce rate in the UK may have decreased compared to previous years, there is still a large number of people opting to end their marriage, many of whom are business owners. A divorce is stressful and financially challenging as it is. However, for business owners, it has the potential to undo years of hard work by negatively impacting their personal and professional finances.
In this post, we’ll highlight a few of the ways a family lawyer in London can help business owners during a divorce.
Divorce Can Have a Huge Impact on Your Business’ Future
The future of your company is paramount to make sure that your hard work and money up to this point aren’t wasted, but also because you won’t have your former spouse’s earnings coming into a collective pot. A divorce will have a financial impact on your future, regardless of how fair and civil the process is. With money and assets out of the equation, you have less to fall back and more to pay out for, so the success of your business is more crucial than ever throughout this period.
London is very much a global city and a hub for modern businesses. This means that as London divorce solicitors, many of the clients we work with are business owners and have gone through exactly what you’re going through now. Our years of experience in family law allow us to guide you through a divorce and offer advice along the way that will be imperative for the short and long-term maintenance of your company. The actions you take during this period and the decisions you make will have a direct impact on the future of your business.
The Distraction of Divorce Can Hurt Your Business
The divorce process can be lengthy, stressful and often hostile. None of which is ideal for someone who needs to focus on running a company — especially in the early days of a small business when all of the responsibility lands on the boss’s shoulders. While most people would assume that the main aspect of a divorce that puts a company in danger is the finances, the distraction of the whole ordeal has the potential to be just as damaging.
Time away from work, sleepless nights and inefficiency due to distraction will all have an impact on your ability to run a company and could lose you customers along the way. By hiring a divorce solicitor, you not only get support and advice from an experienced professional, but you also relieve a lot of the weight on your shoulders. While you focus on continuing to run a successful business, you can rely on an excellent family lawyer in London to handle your divorce.
Divorce Solicitors are a Fountain of Knowledge
As a business owner, you will have an abundance of knowledge and experience in your chosen field, which you will use to improve as a professional on a daily basis. Here at KMJ Solicitors, our bread and butter is family law, part of which is divorce. The services we provide as a divorce solicitor are second to none. However, it’s our knowledge of divorce laws and experience working with business owners that will also benefit you immensely.
Being London divorce solicitors, we operate in one of the business hubs of the world and therefore work with business owners in many different sectors. This has allowed us to amass a magnitude of knowledge when it comes to business and divorce, which we are always eager to pass on to business owners who need advice as they go through an emotional and financially uncertain period of their life.
Are you a business owner about to get divorced? Here at KMJ Solicitors, we appreciate how strenuous this can be for both you and your company. Get in touch for a no-obligation free consultation and take the first step in protecting the future of yourself and your business.