Business Interest Valued in a North County Divorce

How is a Business Interest Valued in a North County Divorce?

Pierre Domercq Professional Practice & Business Ownership

How is a business interest valued in a North County divorce case? How will the professional practice or business interest itself be handled during community property division? How do you preserve Goodwill and the smooth operations of the business during a divorce? If you are considering a divorce in North County or Carlsbad and either of you or the two …

What is Separate Property in a Carlsbad Divorce

What is Separate Property in a Carlsbad Divorce?

Pierre Domercq Community Property Division

What is separate property in a Carlsbad divorce?  How can our experienced attorneys make a difference in your North County divorce case? California is a community property state when it comes to the division of assets and liabilities at the time of a divorce. This means any asset acquired by either of the parties during the course of the marriage …

What is Community Property in a North County Divorce

What is Community Property in a North County Divorce

Pierre Domercq Divorce

What is community property in a North County divorce?  California is known as a “Community Property” state in terms of how marital property is characterized and ultimately divided during a North County or Carlsbad divorce.  In California, the spouses are entitled to equal and undivided interest in all “marital property.”  Community property refers to property you or your spouse obtained …

Valuation of a Business or Professional Practice in a Divorce

The Valuation of a Business or Professional Practice in a Divorce

Pierre Domercq Professional Practice & Business Ownership

The valuation of a business or professional practice in a divorce in North County or Carlsbad is not simply the fair market value of the business, or the price a “willing” seller would pay a “willing” buyer.  It is a complex calculation involving several factors including the fixed and real assets of the business, as well as income and Goodwill. …

Will I Have to Sell My Business Because of Our Divorce

Will I Have to Sell My Business Because of Our Divorce in North County?

Pierre Domercq Professional Practice & Business Ownership

A common concern among business owners is how the business itself or a professional practice will be handled in a divorce. You may wonder “Will I have to sell my business because of our divorce?” Business or professional practice valuation and the division of the community property interest in a Carlsbad, Vista or Carlsbad divorce case are very complex legal …

What Happens to Your Business During a Divorce

What Happens to Your Business During a Divorce

Pierre Domercq Professional Practice & Business Ownership

What happens to your business during a divorce in Carlsbad, Encinitas, Oceanside or anywhere in North County San Diego? Generally speaking, the spouse who has the ownership interest in the business must buy out the community property interest of the non-ownership spouse.  When both spouses are working together sharing joint interest of the business there are three likely outcomes: 1. …

Process of Business Valuation in a Carlsbad Divorce

What is the Process of Business Valuation in a Carlsbad Divorce

Pierre Domercq Professional Practice & Business Ownership

What is the process of business valuation in a Carlsbad Divorce?  Why is the valuation of a business or professional practice often such a contentious issue? We’ll begin with the second question first.  All “community” assets of the couple must be divided during a divorce.  If the business or professional practice is in whole or in part community property, the …

Do I Have to Give Up Half of My Business in a Divorce

Do I Have to Give Up Half of My Business in a Divorce?

Pierre Domercq Professional Practice & Business Ownership

Do I have to give up half of my business in a divorce?  Many business owners and licensed professionals are justifiably concerned when approaching a divorce in North County or Carlsbad.  How will your business or professional practice be handled during the divorce?  What is the best strategy to protect your interests and the ongoing success of the business or …