Protecting Your Business
You may have worked very hard to create a Business together during a marriage, or you may have married into a Business that you helped make as successful as it currently is. The process of splitting or dealing with the fate of a Business during a Divorce can be complicated for all parties. Treating a Business as equitable property may mean selling it off and splitting the profits, as well as debts associated with the Business. It may also mean one party buying out the other party. Any scenario can have a negative impact on the Business. Co-ownership after Divorce can be difficult, if not impossible for some.
The first step to dealing with the fate of a Business during a Divorce is to get a current and true value of the Business. This may mean reviewing accounts or turning to other professionals. Differentiating between whether a Business is marital property or separate from a marital property will also affect the process. Reviewing and analyzing the outcome of selling a Business and splitting proceeds may need to take place. The fate of physical assets related to the Business may also need to be addressed. Also if the Business is of a higher net worth, the Divorce may become more intense.
Experienced Business Law Firm
These complexities and more call for the services of an Attorney who is skilled and experienced in both Marital and business law. Shapiro Law Group, PC, can analyze the state of the Business and review the options with you. Our Firm can help devise a strategy that reflects what you want for the Business and your future. We will take to the time needed to understand your position. We will work tirelessly to negotiate a fair and just resolution that meets your needs as much as possible. The fate of a Business can be as stressful as the reality of Divorce. With our help, you can focus on the effects of Divorce on family and yourself, while we focus on the fate of a Business involved. Let the attorneys at Shapiro Law Group, PC, help navigate your Divorce and help deal with how that Divorce may impact a Business you own. Contact us today for a free case evaluation. 339-200-9933.