What happens when a business asset in a divorce is losing money? In a North County San Diego divorce all assets of the parties must be divided according to California’s community property laws. This includes the ownership interests in a business or professional practice. Normally, the business would undergo an independent “valuation” to establish the value of the community’s ownership…
Business
What Happens to Carlsbad Business Owners in a Divorce
What happens to Carlsbad business owners in a divorce? How is the ownership of a business handled in a North County San Diego divorce? What happens to the business itself? Can the company continue to operate during and after the divorce? Solo business owners worry about how their company will be handled in a divorce. You’ve invested your money, time,…
How Long Does it Take to Obtain a North County or Carlsbad Divorce
How long does it take to obtain a North County or Carlsbad divorce? Lets begin that answer with some minimum time frames. Before you may file for a divorce you must be a resident of San Diego County for three months and a California resident for six months. Once the case is filed, California requires a six month “cooling off”…
How is the Value of a Business or Professional Practice to be Calculated in a North County or Carlsbad Divorce?
When one or both of the parties in a North County or Carlsbad divorce own a business or professional practice (or an interest therein) the “community” has a monetary interest which must be equitably divided between the parties. How is the value of a business or professional practice calculated in a North County or Carlsbad divorce? How can the attorneys…
One Thing to be Thankful For During a Divorce
A divorce in Carlsbad, Oceanside or anywhere in Carlsbad carries enough emotional, financial and practical every-day life burdens to overwhelm even the most sturdy of us. In the spirit of the day we thought it might be good to focus on something that might actually be a positive note when it comes to divorce. Here in California and across the…