Divorce can be a complicated process. This process can be further complicated when there is a business involved. Business is one of the more complex assets to divide in a divorce, which is why it is imperative to choose a well-qualified family and business litigation attorney to help you through this vexing process.
There are several steps you have to undertake in order to come out with the best situation possible for you and your business assets.
One of the first steps you have to go through is figuring out if your property will be characterized as separate property, community property, or a mixture of both. Some times you can put the business outside the realm of the divorce procedure depending on what kind of property the business is classified under.
After that, comes the Valuation of the business in question. There can be a “Just and Right” division, only after the business has been valued. It is crucial in the process to ensure an equitable division of property. This doesn’t always mean 50/50
Have you chosen the most appropriate division method for your unique situation? If not, then this Ebook contains potential creative solutions that could help bring your divorce to a resolution.
The last step within the process is to draft a document solidifying your agreement with your spouse.
Within our Ebook, we go more in-depth into the steps mentioned above, all you have to do is fill out the contact form!
If you have any further questions regarding the division of a business during a divorce, please contact a Business Divorce Lawyer here at Kirker Davis. Call or fill out the contact form, today!
While our clients have found it to be a strong starting point to understanding the process, this eBook is by no means designed to serve as a comprehensive guide of a business break up. The information in this e-book is for general information purposes only. Nothing in this book should be taken as legal advice for any individual case or situation. This information is not intended to create and does not create an attorney-client relationship.