Navigating Divorce in Mississippi: Implications for Family Businesses

Understanding Family Businesses in Mississippi Family businesses are recognized as enterprises that are owned and operated by members of the same family. In Mississippi, family businesses constitute a significant portion of the state’s economic activity. Legally, a family business is defined by the ownership structure, where the majority of the shares, typically over 50%, are … Read more

Navigating Divorce in Family Businesses in Massachusetts: Essential Considerations

Understanding Family Businesses in Massachusetts Family businesses are enterprises in which family members are involved in ownership, management, and operations. In Massachusetts, these businesses play a crucial role in the economic landscape, accounting for a significant proportion of all businesses in the state. According to data from the Family Business Alliance, over 70% of businesses … Read more

Navigating Divorce in Connecticut Family Businesses: Key Considerations for Owners

Understanding Family Businesses in Connecticut Family businesses play a pivotal role in Connecticut’s economy, representing a significant portion of the state’s enterprises. Defined as businesses primarily owned and operated by members of a single family, these organizations encompass a wide range of industries, from retail and manufacturing to professional services and agriculture. According to the … Read more