Family Business and Divorce
Effect of Divorce on Company
Separation and Running Company
Corporate Divorce | Partnership Divorce

Family Business and Divorce Practice Group


Senior Counsel –
Commercial Litigation
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Litigation Associate
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Nick P.

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Divorce and separation often call for advice and representation to protect, preserve and realize your participation and interests in a business, whether through a corporation or a partnership. Our core practice areas include family law and business litigation. We have lawyers that work together to provide you with efficient and cost-effective representation in both related practice areas.

Impact of Separation and Divorce on Family Businesses

Complex questions arise in the division of property and assets when dealing with a family business during a separation or divorce. The value of the family business is included in the equalization of net family property. If there is no pre-existing shareholder agreement, this further complicates the division of property.

Tough decisions need to be made about the continued management and control of the family business after separation and divorce, including whether the spouses choose continued joint management, a buy-out by one spouse or the dissolution of the business.

Why Choose Gilbertson Davis LLP?

Gilbertson Davis LLP has lawyers that have experience dealing with business disputes for companies of all sizes, including, family businesses, start-ups and closely held corporations. A lawyer at Gilbertson Davis LLP was a member of the faculty for the Osgoode Professional development program Shareholder Litigation and the Closely-Held Company (held on April 7, 2015)

It is important to obtain prompt and effective legal representation, before these issues become significant, since these disputes may dramatically impact the stability of the family business while they remain outstanding.

Delay may also impact upon the nature and extent of urgent court ordered remedies available which concern obtaining and preserving records and evidence, preserving or maintaining the status quo of control (or otherwise), and the freezing of assets of the family business and access to them in appropriate circumstances.

If you operate or are involved in a family business, or are a shareholder, director, officer, partner, or employee of a family business with a legal dispute, contact us for an initial consultation.