It is important that you take proper measures to protect your business interests in the event that you are involved in a divorce or legal separation, as you have likely invested a substantial amount of time and money in building your business. At Violet P. Woodhouse, APC in Newport Beach serving Anaheim and surrounding areas, a family law attorney can represent your interests in divorce proceedings involving complex business division.
As with other property and debts accumulated during marriage, business assets and liabilities are subject to the same laws governing the division of marital property during divorce. In addition, there are tax consequences to consider if you retain ownership of your business or interests in corporations or partnerships.
The valuation of a business is a complex matter. However, at our Newport Beach firm, an experienced family law attorney and nationally renowned financial advisor can help prepare a strategy for protecting your interests in your business. With our help, you can look forward to moving on after divorce with your financial affairs in good order.
One of the most complex and lengthy aspects of determining the value of a business or professional practice is the evaluation of its "goodwill," or the intangible value attached to most businesses. Goodwill is based on a business' established name or reputation and the future revenue it is expected to generate.
How divorce will affect your business interests is an important question to consider. To ensure that you retain what is rightfully yours, you should consult with an experienced lawyer who has an intimate familiarity with this complex area of divorce and family law. At Violet P. Woodhouse, APC in Newport Beach, serving Anaheim and all of Orange County, a skilled family law attorney can help protect your business interests. Contact our family law firm to schedule a consultation.
Contact our Newport Beach firm serving Anaheim and beyond to consult with an experienced family law attorney regarding the effects of your divorce proceedings on your business.
Violet P. Woodhouse, APC
Newport Beach, CA
2 Corporate Plaza
Suite 250
Newport Beach, CA 92660
Phone (949) 640-8861
Fax (949) 640-8862