Small business ownership is a common concern in divorce proceedings. In Howell, if your business was founded during your marriage or marital funds were used in the business, it may be considered a marital asset subject to division. The value of the business would be assessed, and from there, decisions are made regarding whether the business will be co-owned, if one spouse will buy out the other, or if the business will be sold. Protecting small businesses is essential for the economic health of the Howell community, so strategies are often explored to preserve the business while ensuring a fair settlement.