Close Menu
Protecting the Interests of Clients & Families Throughout Orange & Seminole Counties

3 Ways You Can “Divorce-Proof” Your Business

2.21-Troum

Your business may be your life’s work as well as your biggest asset — and it can also be considered marital property during a divorce. The steps that you take before and after divorce can significantly impact the outcome and the future of your business going forward. Here’s what you need to know to protect yourself.

Keep Accurate Records

One way that your spouse may try to gain access to your business is by looking for areas that can cast doubt on the value of the business or its operation. If there are missing records or careless errors in your business records, your spouse could find them and use them to his/her advantage. Having ownership documents, accounting statements, sales agreements and any valuation documents that are available to you are critical to your case. If there are questions that might arise, putting your paperwork together now can help you determine how to address them before they become a serious issue.

Carefully Value Your Business Using the Appropriate Experts

Because your interest in the business is a marital asset, the value of the company is an important detail. It’s essential to determine a realistic value of your business and gather the evidence to back up your determination. For example, an experienced accountant can help you determine the worth of your business. The evidence you collect can be vital to your defense in getting the result you deserve.

Know Your Absolutes

Business owners often prioritize keeping control of their business during and after a divorce. It’s reasonable to want to continue to own and operate the company after the divorce is complete, but it might require forgoing other assets. For example, you may agree to trade equity in the marital home or alimony payments in exchange for keeping the business. Knowing what your absolutes are and where you have more flexibility can help you keep the things that matter to you the most.

Attorneys For Business Assets in Divorce

Do you have business assets that could be in jeopardy due to divorce? We invite you to contact us to see why so many people put their faith in the attorneys at Troum Law Firm. We’ll help you prepare the evidence that you need to protect your business. Contact us today at 321-428-2247 to discuss your options.

Facebook Twitter LinkedIn
Personable. Capable. Dependable.

"Mr. Troum and the entire staff at Troum Law Firm have been absolutely amazing. I have been consistently working with Mr. Troum for the last 8 years."

- Kimberly

"The Troum Law Firm is was very helpful and accommodating. Julie was very responsive and provided lots of useful information."

- Matt Julian

"Abosolutely a great choice. There were no issues with communication. I was prepared for all possible outcomes. I saw where ever dime was spent ..."

- Marsha Wilson

"Mark and his team did exactly what they said they would do from the consult, to hiring him, to resolving ..."

- No Name

"Attorney Troum and his firm have been such a great help during a difficult time. I would highly recommend them"

- No Name

"Attorney Troum have been such a great help. Great communication with all individuals in the firm...."

- Christina Sepulveda

"I would definitely recommend him to others looking for a calm, professional, and experienced attorney."

- Former Client

"The Troum Law Firm is highly professional, hard working, and extremely knowledgeable"

- Anja

"Mr. Troum’s support staff is outstanding! I couldn’t have asked for a better team to work with."

- Divorce Client

"Mr. Troum and his staff were excellent."

- Paul

"Mr. Troum truly met my expectations."

- Tito

"Mr. Troum's experience, knowledge of the law and in-depth familiarity with the local court system is a huge asset to anyone looking for the best representation."

- Michael

"Many thanks for helping me throughout the entire divorce process. This attorney comes highly recommended!"

- Divorce Client

"Mark gave good advice, was a good ally and enabled me to move forward with peace."

- Former Client

"I am very pleased with everything Mr. Troum has done for me. If you need someone, who will get the job done Mark Troum is your attorney."

- Rey

"I have recommended him to friends and family and highly recommend him to anyone looking for an excellent attorney."

- Domestic Violence Client

"The firm was detailed and effective in resolving my case. I would highly recommend them."

- Lori

"I have recommended attorney Mark Troum as well as continue to recommend him to anyone who wants a fair, just, determined, personal, great attorney!!"

- Former Client

"I would highly recommend Mr. Troum and his team to anyone who wants things to be done according to the law."

- Reina

"Mr. Troum is a superb attorney and is everything that most lawyers aren't....when you get him....you get the best! Thank you, thank you, thank you.....for caring and helping me to go forward in my life."

- Lynda

"Mr. Troum and his staff walked me through every single step of it and continued to fight until he got us exactly what my children and I deserved."

- Former Client
More Testimonials