Navigating A Divorce Involving A Business
During a divorce, a business can complicate the asset division process. Knowing what will happen to a business after a divorce requires experienced legal representation.
Our family law lawyers at Akin Law P.A. are here for you. Our DeLand attorneys understand that a business may be the most valuable asset in the marital estate. With our representation, we can offer tailor-made solutions for your Florida divorce issues.
How Is A Business Valued?
There are several factors to consider when valuing a business in a divorce. Our family law lawyers can look at the company’s financial history, inventory, debts, liabilities, and projected future revenues and expenses to determine a fair market value. Once we determine the value of a business, we can discuss your asset distribution options.
One of the main factors of a business that we investigate is whether a business was owned before marriage, making it nonmarital property. However, joint funds invested in the business, appreciation of the business and profits may be considered marital property. Distinguishing the difference between nonmarital and marital property may be necessary during the divorce.
Who Keeps Control Of The Business?
In Florida, assets are supposed to be divided equitably, or fairly. If you were more actively involved in your business than your spouse, we can help you fight for the right to retain control of the business following your divorce.
What Can We Do For You?
Our Akin Law P.A. attorneys can help you navigate the complexity of your divorce, aiming for minimal disruption of your business. You can talk to us about what you hope to achieve during your divorce, including concerns about custody, spousal support and more.
We will do everything in our power to make that happen while minimizing your emotional and financial strain so you can focus on your business operations.
Reach Out For Legal Representation Today
To learn more about what our divorce lawyers at Akin Law P.A. can do for you, you can call us at 386-271-4740. We can also discuss any issues you may have through our online contact form. We are dedicated to solving your divorce involving a business.
