Tag Archive for: protecting business in divorce

Divorce Without Destroying Your Business: A Tampa Bay Guide for Owners

Protecting Your Small Business in a Tampa Bay Divorce

If you built a business in Tampa, St. Petersburg, Sarasota, or elsewhere in Florida, it likely represents more than income. It reflects years of effort, risk, and identity. When divorce enters the picture, the fear of losing control of that business can feel overwhelming. You may worry about public court filings, forced valuations, or a judge who does not understand how your company actually works.

You are not wrong to worry. Traditional divorce litigation often puts small businesses at risk. Fortunately, there is a better way.

Quick Answer

You can protect your small business in a Tampa Bay divorce by using Collaborative Divorce, which keeps negotiations private, avoids court-imposed decisions, and allows tailored solutions that preserve business operations and long-term value.

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Do My Business Bank Accounts Get Divided In A Florida Divorce?

If you own a business and are facing divorce, you may be wondering whether your business bank accounts—the checking, savings, operating, or money market accounts tied to your company—could be considered “marital assets” and divided.

For many professionals, these accounts represent far more than just money. They reflect years of effort, payroll obligations, and the foundation of your financial life. Understanding how Florida law treats business bank accounts can help you protect what you’ve built and choose the right path forward.

Quick Answer: Can Business Bank Accounts Be Divided in a Florida Divorce?

Yes. Business bank accounts can be divided in a Florida divorce depending on when and how the business was created, how the accounts were funded, and whether marital income or marital efforts contributed to their growth. Under Florida’s equitable distribution law, the court can treat those funds as marital property even if the accounts are in only one spouse’s name or owned by the business.

How Florida Law Treats Business Bank Accounts in Divorce

Under Section 61.075, Florida Statutes, courts must divide marital assets and debts fairly, though not necessarily equally. Marital assets generally include property or income acquired during the marriage—regardless of whose name is on the account.

That means if your business was formed or operated during the marriage, the funds in its business bank accounts could be considered marital.

If your business predated the marriage, those accounts might begin as nonmarital. Still, any increase in their balance or new deposits during the marriage can be at least partly marital—especially if marital income was added or your marital efforts contributed to the business’ success and growth.

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