The Law Offices of Carla J. Zolman represents owners of family businesses, small businesses, and mid-sized businesses in divorce. We are committed to protecting the rights and interests of clients when their businesses are to be divided in divorce. To schedule a consultation with a St. Louis business owners and divorce attorney, contact us today.
Business Owners and Divorce: Things to Consider
Divorce can be a stressful and emotional time, especially when a family-owned business is to be divided. Our firm can help you keep perspective on what is important, while working to protect what you have worked hard to achieve for your business.
Business valuation is a critical component of the business division process in divorce. We work with business valuators who provide an accurate financial assessment of business assets. Aside from valuing the business, we will look at other important factors that may affect business division:
- Is there a prenuptial agreement that states each party's ownership?
- Is the business considered marital property or separate property?
- How much has each party contributed to the business?
How a Business May Be Divided in Divorce
When it comes to dividing a business in divorce, there are many possible scenarios that may play out. If the business is considered marital property, the family law judge may look at which spouse plays a more active role in running the business. If both spouses play an equal role, one spouse may have the option of buying out the business over time or trading other assets of equal value. Depending on the circumstances, an agreement may be made allowing parties to continue to jointly own and run the business if parties are able to work together professionally.
Contact a Missouri Business Valuation Attorney
To learn more about business owners and divorce, contact our law firm to schedule an initial consultation with a Missouri business valuation lawyer. Call 866-780-9435.
