Smart Legal Counsel Regarding Business Valuation In Divorce
Business ownership can be complicated. As small-business owners ourselves, we understand how much of a family’s interests are tied up in supporting and running such a business. If your business is part of your marital property, it is important to have it properly valued and assessed in order to comprehensively and adequately develop a strategic approach to your divorce.
Careful Review And Advice
The attorneys at our firm have extensive experience with business valuation in divorce in Boston and Middlesex County. We pride ourselves on finding innovative and beneficial solutions involving these assets when a marriage ends. Whether you are actively involved in the business or you are an investor, we understand how important these assets are to you.
If you owned a business prior to your marriage, it may be possible to assign that interest to you as separate property in the divorce. Establishing marital interest in a business requires a review of the history of your business assets. Our attorneys will advise you regarding the factors that are considered during this process, including:
- History of acquisition
- Valuation of business interests
- Contributions of each spouse
- Processes and involvement in the growth of the business
There are a number of aspects to consider when establishing marital interest, especially when involvement and investment in the business are complex. We have extensive experience assisting our clients with this process and will diligently advocate for your interests. We represent many clients with professional practices, family-owned corporations and other types of businesses.
Moving Forward
You may or may not be at a point in your life where you want to continue your business. Especially in cases of seniors who have decided to divorce, where one or both parties wish to retire, business valuation, distribution and dissolution may be necessary. If one or both parties wish to retain a controlling interest in the business or continue running the company with or without their spouse, these stipulations can be incorporated into your divorce agreement.
As a small firm, we are able to devote our time specifically to your case, giving you comprehensive legal advice while avoiding the high costs of a large firm. The lawyers at our firm can discuss the options available to you to help you determine the best way to go about dividing a family business while protecting your interests. While our office is in Boston, we are happy to meet with clients in Middlesex County near where they live or work. Call us at 800-441-7573 to schedule a free consultation.
