Valuing and Dividing Business Interests in Divorce
Owning a business or professional practice can introduce complex financial issues into a divorce. It takes a thorough knowledge of business and an understanding of equitable asset division to develop a solution that protects the business as well as the financial interests of both spouses.
As Murfreesboro business divorce attorneys, we work hard for our clients, creating solutions for dividing marital wealth.
- Professional practices and other business interests, whether owned by one person or a partnership or LLC, need to be carefully evaluated to determine what the business is worth. Complex financial discovery is often necessary.
- There are many ways of dividing a business. Income can be paid out over time. One spouse can buy out the other. It is important for both spouses to maintain the business while finding a way to share in the value of the business.
- We work with qualified professionals to assure there are no hidden assets that could compromise an agreement.
- Your attorney will look into the holdings of a business, balance sheets and ownership in order to protect the business and discover its worth. We include the value of goodwill in addition to tangible assets.
Tennessee Marital Property Division Lawyers: 615-692-1421
Financial agreements can be challenging. There is often an emotional element. One spouse may feel that the other has no rights or fewer rights. Our law firm has experience and success in seeking an equitable division of assets under difficult circumstances.
Our clients at Kidwell, South & Beasley have included business owners and spouses. The businesses have included partnerships, family partnerships, real estate holdings, self-employed business people and professional practices (medical, legal, dental, accounting, and architectural). Contact us for an appointment.
