When a divorce involves a closely held business, professional practice, or other significant enterprise, property division becomes especially complex. In Michigan, a business owned or developed during the marriage is often considered marital property, at least in part.
Courts are generally reluctant to force divorced spouses to continue operating a business together, recognizing that such arrangements are rarely practical. Before a business can be divided, however, it must be properly valued—often with the assistance of financial experts.
Judges consider ownership interests, control, and each spouse’s direct and indirect contributions. One spouse may have invested capital or managed daily operations, while the other provided indirect support by maintaining the household or caring for children. Michigan courts recognize that both forms of contribution can be critical to a business’s success.
Courts also assess whether a particular division would undermine the business’s viability. If an equal split would jeopardize continued operations, a more practical and equitable solution may be ordered.
Working with an experienced Ann Arbor divorce attorney is essential in these cases. We help clients identify, value, and protect business interests while advocating for fair and sustainable outcomes in high-asset divorce matters. Contact us today to schedule your initial consultation.
