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Arizona is a community property state, meaning all assets and debts acquired during the marriage are considered community property and belong equally to both spouses. During a divorce, spouses must divide their community property equally, or in a way that’s equitable if not exactly 50/50.

A business owner invests heavily in their company’s success, not only financially but often emotionally as well. It can be difficult to accept that a spouse has the right to a fair share of the company you’ve worked so hard to build, but Arizona’s community property divorce law may consider a company as belonging to the marital community and subject to the equal division of its value.

Dividing a business during a divorce is one of the most complex financial challenges spouses face. If you or your spouse owns a business, working with a Chandler divorce lawyer or Chandler family law attorney is critical to ensure the business is valued accurately and divided fairly under Arizona law.

If you’ve worked hard to build equity in your business, facing a divorce in Arizona can raise complex questions about how that business will be treated under the law. Many business-owning spouses consult a Chandler divorce lawyer or Chandler family law attorney to protect their equity and navigate the division of assets fairly.