Starting a business requires a lot of time and effort. Often, businesses will require an injection of cash to get them up and running. Frequently, someone will loan money to the new business. Sometimes this is the bank and sometimes this is the partner to the relationship.
But when the relationship has broken down and you still haven’t gotten your money back, what happens next?
There are a few ways your loan to the business may be represented in a property settlement:
If you have a family law matter, concerns about your family business or questions about family law and separation in NSW and want to find out more please do not hesitate to contact us on 9688 6023 or email us at info@franklegal.com.au.
This article is provided to the reader for general information. It is not legal advice. It was written by Andrea Spencer & Emily Graham and edited by James Frank.
More From The Blog
Bob the Builder can't fix this one the perils of a diy family law property settlement
A brief summary on Family Law Property Settlement
Property Settlement, Family law, Family Business, Small Business, Separation