What are the best strategies to protect your business during a San Diego divorce? Will your company be a part of the community property settlement or will it be classified as “separate” property? These are crucial questions for any business or professional practice owner who is considering a divorce. Generally speaking, if you owned your business prior to the marriage…
Business
The Basics of a Business Valuation in a San Diego Divorce
What are the basics of a business valuation in a San Diego divorce? Why is valuation one of the most central issues in a divorce which involves a business interest or professional practice? If the business or professional practice interest was obtained prior to the marriage and a valid prenuptial agreement excludes the asset, and/or no community funds or labor-related…
What is Mediation in a Carlsbad Divorce and How Does it Work?
What is mediation in a Carlsbad divorce and how does it work? Mediation is a structured process for resolving areas of disagreement in a safe, productive and private environment. The parties review options and agree upon a mediator for their case. The mediator should have extensive experience in California family law and the local rules our Family Courts. The mediator…
How Can Mediation Make Divorce More Efficient?
Most people experience a broad range of emotions at the end of a marriage including a profound and deep sense of disappointment and in many cases that things are out of control. How can mediation make divorce more efficient and shorten the time frame to completion? Mediation is an alternative to the traditional form of litigation you’ve always heard about…
Basics of Business Valuation in a San Diego Divorce
What are the basics of business valuation in a San Diego divorce? One of the most legally complex and financially contentious issues in a divorce is the ownership of a business or professional practice. If you own a business or are a licensed professional or a medical practitioner with an interest in a professional practice or a business of your…
Business Ownership is a Substantial Challenge in Many North County Divorces
Business ownership is a substantial challenge in many North County divorce cases. Generally speaking higher amounts of assets and retirement accounts lead to more legally complex issues in your divorce. Business ownership or a professional practice will require careful consideration, planning and negotiation. If the two of you jointly own a business you will face several choices including, but not…
What is the Difference Between Separate Property and Community Property
What is the difference between separate property and community property in a North County or Carlsbad divorce? Why does the distinction between separate property and community property matter? The short answer is found in the division of the property during a divorce. Community property is generally divided fairly equally between the parties under California law. Separate property is not subject…
Options for Handling a Business in a North County Divorce
There are many options for handling a business in a North County divorce. If you or your spouse own a business or an interest in a business or professional practice you need the experienced Certified Family Law Specialists at Burke & Domercq. The questions surrounding a business during a divorce are legally quite complex and the impact on the day-to-day…
Dividing a Professional Practice or Business Related Community Asset
If you are a business owner or you a divorcing a business professional or owner of a company there will be many questions about dividing a professional practice or business related community asset in a North County or Carlsbad divorce. If the business was purchased during the course of the marriage, or marital assets were used to support the business…
Calculating Goodwill in the Valuation of a Business During a Carlsbad Divorce
Calculating Goodwill in the valuation of a business during a Carlsbad divorce is legally and financially quite complex. Why is the valuation of a business and the associated Goodwill such an important topic in a divorce which involves business or professional practice? The ownership of a business or professional practice is one of the most complex issues you can face…