Couples who own a business or professional practice face a complex asset distribution process as they divorce. Even if one spouse is a doctor or professional with a practice, the other spouse is typically entitled to a 50-50 portion of the venture.
At Brasier Law we will knowledgeably navigate these negotiations on your behalf to help achieve the best possible resolution to the matter.
Business Division Attorney — Guiding the Asset Division of Business Interests in Divorce
Sales-based businesses must be divided based on merchandise and the physical infrastructure of the business. Generally, inventory is the primary consideration. In addition to infrastructure and business holdings, service-based businesses must highly prioritize client goodwill and public image in discussions of division.
We will network with skilled business professionals to create a division plan that will be fair and equitable to both parties, preserving the strength of the business or venture. These are difficult to appraise and additional complexities can quickly arise. Our lawyers have the experience and understanding of the situations to find the right individuals to get the job done correctly and in a manner that is advantageous to you.
Even if the family business is primarily operated by one spouse, both are entitled to half of the business in a divorce. We will provide the proper valuations of the business and its assets to work to your advantage.
Business Valuation Attorney
To arrange an initial consultation to discuss your options in the division of a business during a divorce, please contact our law firm today at 503-855-4777.