Tag: Why Entrepreneurs Need Marriage Contracts
Marriage Contracts for Entrepreneurs and Business Owners
Why Entrepreneurs Need Marriage Contracts
Protect Business Assets from Division
Under Ontario’s Family Law Act, the value of a business acquired or grown during the marriage may be subject to equalization upon separation. This can lead to a significant financial impact, especially if the business is the primary income source. A marriage contract allows you to clearly outline what portion of the business, if any, will be shared or protected, helping you preserve your hard-earned equity.