Evey Black Attorneys LLC
Roaring Spring:

Start-up culture can lead to complex divorces

For Pennsylvania couples, the end of a marriage carries with it an array of emotional, practical and financial concerns. If children are involved or a partnership has been long-lasting, it can be exceptionally difficult to disentangle all of the accumulated history of a marriage. However, these complexities can be exacerbated when dealing with a marriage with a high level of assets, including businesses, investments or extensive real estate holdings. High asset divorces can mean complex financial disputes and concerns.

One of the most common areas for divorces between people with high-powered careers is the tech industry and the start-up culture associated with it. Start-ups have great potential for failure, but they also hold the potential for a successful IPO or a sale to a larger company. However, in the period before a startup is fully monetized, it can be difficult to value it accurately.

This can be especially complex when one partner is more involved in the business but also when support from the other partner has been key. Even in Pennsylvania, where assets are divided in divorce according to principles of equitable distribution, all assets obtained or developed during the marriage are generally subject to division. When the main asset in a divorce is a start-up business, property division in a divorce could push a company toward a sale or it could result in a forced partnership.

When dealing with a high asset divorce, it is important to work with a team of professionals, including a financial adviser, an appraiser and a family law attorney. In many cases, this can lead to a negotiated settlement agreement that can then be submitted to the court for its approval.

No Comments

Leave a comment
Comment Information

Get The Answers You Need

If you have a legal problem or opportunity, we invite you to discuss it with a friend and neighbor here at our firm.
Contact Evey Black Attorneys LLC to schedule a consultation today.

Contact the Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response
Evey Black Attorneys LLC
Hollidaysburg Office Map

Hollidaysburg Office
401 Allegheny Street
P.O. Box 415
Hollidaysburg, PA 16648

Phone: 814-317-6914
Fax: (814) 695-1750
Hollidaysburg Law Office Map

Roaring Spring Office
902 E. Main Street
P.O. Box 5
Roaring Spring, PA 16673

Phone: 814-317-6254
Fax: 814-224-5163
Roaring Spring Law Office Map

Roaring Spring Office Map