RD- an actual child support client
"My case was handled quickly and with ease."
01/10/2014
RD- an actual child support client
"My case was handled quickly and with ease."
01/10/2014
“Prospective clients may not obtain the same or similar results.”
divider

Protecting Your Business in Case of Divorce

separator

Family in need of attorney

Of course you take steps to protect your business in case of theft, hurricane, tornado, flooding or divorce. Wait, divorce? Yes, divorce. Although you may not initially consider divorce to carry the same business risk as a natural disaster or theft you should. As 50% of today’s marriages end in divorce, your business is much more likely to endure a divorce disaster than a tornado, flood, hurricane or other “natural” disaster. Further, a divorce can be just as damaging to cash flow and continued viability as other disasters for which business more commonly prepare.

The experienced Gainesville Family Law Attorneys at Alba & Yochim P.A. are here to ensure your business is protected in the event of a divorce. Whether you are a sole proprietor, member of an LLC or shareholder in a small s-corp., you can take steps to prepare for the possibility of an owner potentially undergoing a divorce and take action to avoid risk to your business once a divorce action has been filed.

HIRE AN EXPERIENCED ATTORNEY. First, you absolutely must seek knowledgeable experienced legal counsel. A Family Law attorney experienced in dealing with business issues can help guide you through a divorce. Prior to marriage a prenuptial agreement can help protect how an owners business interest are treated in the event of a divorce.

MAINTAIN PROPER RECORDS. Make certain your business financial records are kept carefully and that your business and personal accounts are kept clearly separated. Further, your compensation should be fair and reasonable to avoid any assertions that income is being improperly retained in the business to avoid it being taken account of in a divorce.

ESTABLISH VALUATION METHODS. Where the business has more than one owner, a valuation method should be established in the case of a dissolution of the business. If fair, this method will likely be respected by the court in a divorce, allowing a way for the other owners to buy out the divorcing owners share or at least for valuing his share in any equitable distribution of marital assets.

Confidential Consultation

Contact Us Today For Your Confidential Consultation:










Give us a call now
call Protecting Your Business in Case of Divorce(352) 327-3643

or


Just like any other disaster affecting your business, waiting until a divorce occurs to prepare for it is pointless. While these tips provide some guidance, only an experienced family law attorney familiar with your particular business can truly prepare you for a divorce disaster. Contact the experienced Gainesville Divorce Attorneys of the Law Office of Alba & Yochim P.A. today to ensure your business is protected in the event of a dissolution of marriage.