Publication
Laura Brazil in The Advisor by NLOWE | Domestic Contracts for Business Owners in Newfoundland & Labrador
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June 26, 2019
By Private Clients Team, at McInnes Cooper
A domestic contract offers N.L. business owners the opportunity to protect business assets against a claim from a married or common-law spouse following separation and avoid costly litigation. In its article, Domestic Contracts for Business Owners in Newfoundland & Labrador, as published in the Newfoundland & Labrador Organization of Women Entrepreneurs’ (NLOWE) the Advisor (PDF here), McInnes Cooper’s Private Clients Team outlines the types of N.L. domestic contracts, how N.L. business owners are exposed to claims by their married or common-law spouse without a domestic contract dealing with business assets, and how a domestic contract allows a N.L. business owner to avoid difficult and complex questions and the related legal costs on separation.
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