In Florida, a business or corporation is part of equitable distribution or property division pursuant to Florida … Show More Statute Section 61.075. You first determine whether a business is a marital asset or a nonmarital asset. If the business was started prior to the marriage, it most likely would be considered a nonmarital asset. Regardless of whether a business is a nonmarital asset or a marital asset, there still could be a value to the business for purposes of equitable distribution or property division. Further, there could be a marital component to the value of a nonmarital business under certain circumstances if the value of the business increased during the marriage. Businesses …Read More »
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