A risk often overlooked by business owners is the risk associated with family relationships. In BC, the legal obligations between married spouses and common-law partners are governed by the Family Law Act. In the case of a relationship breakdown, the Act can have a significant impact not only on the couple, but also on the business and any business partners. Some simple upfront planning at the beginning of the relationship can help mitigate potential issues down the road.
To learn about these planning considerations read the full article on the Smythe Ratcliffe Valuations website here.