Divorce and the Family Business: Staying Afloat in the Storm

Divorce is a stressful time for anyone and the impact of going through a divorce touches every area of a person’s life. For business owners however, it can be particularly stressful as they worry about its potential impact on the business and their ability to keep the business afloat during what can often be a tumultuous time.

As an accountant, you play a key role in ensuring the ongoing viability of a client’s business and this role will include taking practical steps to protect that business if the owner/s separate or divorce.

The next Coleman Greig Accountants’ Lunch will focus on the key issues at stake for a family business during a divorce and what steps are required to protect it.  Presented by Coleman Greig Principal, Adam West, and experienced family lawyer Danielle Micallef, this briefing will highlight the most important issues and how you can help to ensure the survival of your client’s business.  Topics covered will include:

• Business vs Personal expenditure – keeping things separated could be the key to survival
• Reporting and disclosure obligations during the divorce – what exactly is required?
• How are business loans and personal guarantees treated during a divorce
• Financial obligations owed to the spouse
• Maintaining salary payments and personal income

Don’t miss this opportunity to find out how you can work with your clients to protect their business into the future.

Book now to reserve your place – and don’t forget, this seminar will help to satisfy your CPD requirements.