What Happens To A Business In A Divorce?
In a divorce where one or both of the spouses own a business, it becomes an important part of the property division process. Under Florida law, the amount that a business increased in value during the marriage can be considered marital property. If the business was established after the date of the wedding, the entire value of the business can be included in the marital estate.
The actual amount that should be included in the marital estate is frequently an item of dispute between divorcing spouses, and these matters can become quite complex. There are a number of key issues that need to be addressed when a privately held business is involved in a divorce, and it is important that you seek the advice of a qualified attorney.
Skillful Representation From Respected Pensacola Attorneys
At the law firm of The Holman Law Firm, our business valuation and division lawyers provide comprehensive representation to business owners and their spouses in complex property division matters. We work closely with the necessary experts to assign an accurate value to the business and determine what amount should be considered marital property.
In cases where divorcing spouses own a business jointly, we work to negotiate a fair settlement and advise our clients of the best course of action based on their stated goals. We will advise you on the available options, including the possibility of a buyout, continuing to run the business together or selling the business. In every instance, our only concern is to resolve the matter in a way that is most beneficial for you.