Business Assets & Your Divorce
Dividing Your Interests with Help from a Maitland Divorce Lawyer
If your assets include a business, either family-owned or a company that
you began prior to your marriage, having an experienced family law attorney
to protect your interests is a vital component of a successful divorce action.
A number of things that occur in the course of a marriage can affect how
business assets are categorized in a divorce agreement. At The Troum Law
Firm, P.A., we work with a variety of professional experts, including
appraisers, business valuators and forensic accountants.
Contact our Maitland divorce lawyer today to get nearly 30 years of experience on your side.
Protecting Your Best Interests
We understand that a family-owned business is much more than a source of
income. We listen carefully to your goals regarding participation in the
company after your divorce is final and map out a strategy to achieve
Often, the best approach to properly valuing a family business is to hire
an independent business appraiser such as a CPA with an accredited in
business valuation (ABV) credential or a certified professional, like
a certified business appraiser (CBA). These professional valuators begin
by obtaining all business books and records, tax returns, financial statements
and reports for at least the last five years.
Assisting You Through the Entire Process
We are prepared to handle all possible courses of action, including the
sale of a family business, dissolving a business or crafting a property
agreement that compensates a spouse for his or her contribution to the
business. If only one spouse was involved in the business, the rights
of the other spouse regarding division of assets under Florida's "equitable
distribution" statute vary based on a number of factors.
- The duration of the marriage
- The contributions to the marriage, including contributions to the care
and education of any children and services as a homemaker
- Whether the nonbusiness owner supported the other during school or as the
business was launched
- Any stipulations of a prenuptial agreement
Examining All of Your Options
It may be possible for both parties to continue a business partnership
even after they divorce. If you choose this option, however, it is advisable
to develop a detailed exit strategy that amicably ends the partnership,
if necessary, in the future. The exit strategy should include a description
of the value that one or both of you will receive if the business relationship ends.
If your divorce includes business property among marital assets, The Troum
Law Firm, P.A., has the experience you can rely upon to guide you in obtaining
a full and fair asset valuation and property division.
Call us at (321) 428-2247 for an