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June 2019 Archives

Considerations for dividing a business in divorce

Ohio business owners who get a divorce may face a number of complicated issues related to the business. Depending on the size of the business and how it is run, it can be difficult sometimes to separate business finances from personal finances. The Tax Cuts and Jobs Act of 2017 has potentially provided some additional guidance in this area because it has identified two different classifications of income. However, this is still a complex area, and business owners may want to work with a financial professional on these and other issues.

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