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Tax,
Corporate

Oct. 29, 2019

In business divorce litigation, don’t forget to think about taxes

The way the settlement or judgment is structured can have significant consequences when tax season rolls around. So it pays to be careful, and consider taxes at every stage of the litigation, beginning with drafting the complaint.

Dashiell C. Shapiro

Counsel
Shartsis Friese LLP

litigation, tax

Email: dshapiro@sflaw.com

Univ of Chicago Law School

Dashiell is a former U.S. Department of Justice Tax Division honors attorney.

Breaking up a business is often likened to dissolving a marriage. Parties can end up in court fighting for control, ownership, broken promises, and even physical and emotional damages. These fights can be so draining for everyone involved, that when the dust settles, everyone wants to sign the settlement agreement and move on with their lives.

But the way the settlement or judgment is structured can have significant consequences when...

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