A business is an asset and if it has a value then the value of that asset will be taken into account by the courts in dividing the divorcing couple’s assets. A business, however, is not a liquid asset and is treated differently from cash or investments. Extracting value in the form of cash from the business can be difficult and also there will be tax implications. Often a business owned by a spouse will simply provide the family with an income and will not be treated by the court as an asset.