In addition, special steps may need to be taken to protect the value of
the business during the divorce.
Rosanne DeTorres, Esq., will discuss the best practices to protect
your business during your divorce.
Divide
Your Business During Divorce Without Destroying It 14 - Sep - 2014 Collaborative divorce — divide without destruction.
Sorting out or valuing a family
business during divorce or dissolution can be complicated.
Don't make any big changes to
your business during the divorce proceedings, like changing the business model to decrease revenue or appointing a new love interest to your board of directors.
Not exact matches
Otherwise,
during a
divorce your spouse could fully benefit from the
business's growth, even if you are the only person in the marriage actively involved in the company.
, SFGate (February 16, 2011) Protect your credit
during divorce, Sally Herigstad, creditcards.com (March 18, 2011) Dealing with Unethical Debt Collectors, Fox
Business (January 17, 2012) Bankruptcy Basics, Speaker, San Francisco Law Library (February 6, 2012) Blogging for Lawyers, Speaker, San Francisco Bar Association (February 21, 2012) Twitter for Lawyers, Speaker, San Francisco Bar Association (April 17, 2012) Battle of Bankruptcy vs. Offer in Compromise, Speaker, San Francisco Bar Association (May 19, 2013) How to Pick a Bankruptcy Attorney, Fox
Business (May 21, 2013)
The court divides numerous marital assets
during a
divorce, and for couples who own a
business together, that includes the company.
Is the valuation and division of a closely held family
business in play
during your uncontested
divorce?
The elite group of just 28 members nationwide were selected on the basis of their national reputation and achievements in litigation support, forensic accounting and
business valuation, their history of serving members of the American Academy of Matrimonial Lawyers (AAML) and their clients in complex financial matters
during divorce proceedings, and their commitment to integrity in the process.
If the parties intend to sell the
business and distribute the proceeds, it might not be necessary to hire a
business valuator
during a
divorce proceeding.
In addition, Winstead's transactional attorneys are also skilled in handling private equity transactions, and lawyers on the Winstead
Business Divorce team have the skills required to address the many different types of issues that commonly arise
during buyout negotiations.
We can determine how
business interests, real estate, and pensions and other retirement benefits will be treated
during divorce proceedings.
However, the increase in value
during the marriage that the
business enjoys may be considered marital property, and therefore be divisible to your spouse if you become
divorced.
So, for an example, if a spouse forms and grows a
business during the marriage, that
business is considered marital property and both spouses are entitled to a portion of the company in a
divorce.
Divorce is a
business transaction that you are expected to complete
during one of the most emotionally turbulent times in your life.
There are several potential ways to handle the family
business, but be forewarned: the heated emotions and reactive tendencies couples have
during a
divorce can cloud sound judgment about the enterprise and other assets.
The workshop, held
during National Small
Business Week, focused on the effects that
divorce can have on small
businesses, and how collaborative family law can help ameliorate those effects.
A professional practice may be part of the marital estate
during a
divorce, even if your spouse never played a role in the
business or its operation.
After 3 years of job applications without securing a long term legal job that met my basic expectations, I decided
during 2011 to start my
Divorce and Co-Parenting guidance
business: Moving Forward Through
Divorce
The couple is much more likely to cooperate to keep the
business healthy and profitable
during the
divorce process.
To see how couples who own a
business together can
divorce without become enemies, and without splitting the family and the family
business, read theses case studies about couples in
business together that we've helped
during their crisis of
divorce.
Not surprisingly, family - run
businesses tend to suffer
during a
divorce.
If one of your goals is to maintain the marital residence or you would like to have the majority of parenting time, or even you would like to retain a family
business that you and your spouse had begun
during the marriage, these are all important objectives to identify as goals of the outcome of your
divorce process.
If you look around at a number of really successful Realtors, you'll find that many have one thing in common — they have suffered from
business failures, bankruptcies,
divorce and / or great humiliation
during their careers before putting the pieces together the right way.
Take a hard look at
divorce & bankruptcy leads
during 2016 to create new levels of profit for your investment
business.