Breakup and Breakdown: What happens to family businesses when relationships dissolve?
Join this CPD training online at the specified time
Book by 18 July to save 20% with our Early Bird rate
1 hour verifiable CPD
Join us for a one-hour interdisciplinary webinar that will delve into these intricacies and provide you with the advice necessary to protect your clients and their businesses in the face of relationship breakdowns.
Marika Franceschi, Founder of Franceschi Family Law is joined by another expert speaker to provide an intersectional analysis of family businesses through family and commercial law. Topics will include when a business is considered part of the marital estate, and the legal rights that are entailed, the impact of partnership agreements or prenuptial arrangements, the possibility of restructuring ownership or establishing a trust and several other industry tips to keep you up to date in this field. Time will be allotted for discussion and questions with the speaker and colleagues.
Learning Outcomes
- Learn what it means for a business to be part of the marital estate, and the legal implications of this classification when relations breakdown
- Delve into the different legal protections a client can utilise to protect themselves and their assets when facing a failing family business
- Discover how to create contingency plans for the worst-case scenarios
Speakers
- When is a business considered part of the marital estate?
- What are your legal rights when a business is part of the marital estate and the relationship is breaking down?
- How can shareholder agreements, partnerships agreements and/or prenuptial/postnuptial arrangements impact your legal rights?
- Can you restructure ownership or establish a trust to protect the business from personal litigation risks?
- How do you prepare for succession in a family business?
- How do you create contingency plans for worst case scenarios? Such as one partner completely pulling out of the business?