Preserving Your Business Interests
‍
Preserving Your Business Interests
If you own your own business in California, alone or jointly with your spouse, you enter the divorce ring with a complex set of concerns. Who will keep the business? How much stake does the other partner have in the business? Is there stock involved? And how much is the business even worth? These are all questions that need to be answered during the course of a complex divorce. Because the answers may not be easy to come by, it's essential to enlist the support of an experienced complex divorce attorney. At DeLacey, Riebel & Shindell, LLP, our experienced team can help you through the tangle of financial issues that arise when business concerns become a part of a divorce.
‍
Evaluation And Division
‍Before you can divide a business fairly, it's important to determine what the business is worth. Business valuation in divorce can get complicated if the business is a start-up and the currency so far is mostly stock. What if the business becomes the next big thing, and suddenly (after the divorce) the stock is worth millions? What if one spouse is technically a joint owner of a business but wasn't very involved in the day-to-day operations? If you have business property, how will that be divided? And what about the tax consequences of dividing up interest in a business? Our experienced attorneys, in collaboration with outside professionals, can clarify the value of your complex business concerns and help ensure that your interests remain protected.