Welcome back to Learning Curves! In this episode I sit with Family Lawyer William Foley P.A. to discuss the complexities of going through a business divorce. Divorce is never easy, but when you own a business with your partner, it can be that much more difficult. In this episode we cover:

1. The complexities of divorce and its impact on businesses.

2. The significance of prenuptial and postnuptial agreements for long-term stability.

3. Evaluation methods for business valuation and the role of goodwill.

Meet William Foley, an accomplished family law attorney with over 16 years of experience focusing exclusively on divorce and family law matters. William has successfully helped many entrepreneurs navigate the complex world of divorce and business, ensuring their financial stability and peace of mind. In this episode, he shares his insights on prenuptial and postnuptial agreements, business valuation, and the importance of communication in preventing and resolving disputes between spouses who are business partners. William's expertise and empathetic approach make him the go-to professional for anyone seeking guidance on the legal aspects of divorce and business.

Key Take-Aways from the episode are:

1. Consider hiring a forensic CPA or business valuation expert to assess the value of your business in case of divorce.

2. Keep your business and personal finances separate to avoid complications during a divorce.

3. If you notice red flags during the prenuptial or postnuptial agreement process, consider addressing these issues before moving forward with the joint business.

To contact William, visit: https://wfoleylaw.com

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