Business Ownership Valuation Divided in a North County Divorce

How Is Business Ownership Valuation Divided in a North County Divorce?

Pierre Domercq Professional Practice & Business Ownership

How is business ownership valuation divided in a North County divorce?  How do you establish and then ultimately divide the community property interest in a business or professional practice in a North County or Carlsbad divorce case?  In these cases, a “valuation” of the business or professional practice ownership must first be agreed upon or established by the Court.  Once …

Business or professional practice in Carlsbad Divorce

How is the Value of a Business or Professional Practice to be Calculated in a North County or Carlsbad Divorce?

Pierre Domercq Professional Practice & Business Ownership

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 …

Business Interest Divided in a Carlsbad or North County Divorce

How is a Business Interest Divided in a Carlsbad or North County Divorce?

Pierre Domercq Divorce

How is business interest divided in a Carlsbad or North County divorce?  The first question is simply “Is the business interest or any portion of it community property?” Is the business shared by both spouses, or is it owned by one of the parties?  What contributions have been made to the business by each spouse?  How much of the marital …

How is a Family Owned Business Divided in a North County Divorce?

Pierre Domercq Professional Practice & Business Ownership

How is a family owned business divided in a North County divorce? Let’s assume the business was purchased during the course of the marriage, and the spouses are equal partners and both work in the business. The first step is to establish the valuation of the business itself. The community property interest of each spouse in the business would be …

How Are Belongings, Assets and Debts Divided in a North County Divorce?

Pierre Domercq Divorce

How are belongings, personal property, assets and debts divided in a North County divorce? The legal term for these issues is “community property.” Community property is to be divided equally between the parties. While this may sound easy and straight forward, the reality is completely different in many Oceanside, Encinitas and Carlsbad divorce cases. Community property encompasses any asset or …

All Assets of a Business or Practice Must be Considered During Valuation

Pierre Domercq Professional Practice & Business Ownership

All assets of a business or professional practice must be considered during the valuation of that asset during a North County divorce. This is especially true when establishing the value of a small business. According to a recent analysis by the US Treasury Department, the vast majority of American businesses are small companies, often without any employees or owners other …

Don’t Believe a Spouse’s Valuation of Their Business in a Divorce

Pierre Domercq Professional Practice & Business Ownership

You should never believe a spouse’s valuation of their ownership interest in a business or professional practice in a Carlsbad or North County San Diego divorce. Many businesses, LLCs, corporations and professional practices establish a value of an ownership interest in the corporate documents of the entity. These values are usually fictitiously low and will not hold up to the …

Goodwill and the Valuation of a Business in a North County Divorce

Pierre Domercq Professional Practice & Business Ownership

Why is the valuation of a business and the associated Goodwill such an important topic in an business or professional practice? The ownership of a business or professional practice is one of the most complex issues you can face in a North County divorce. The financial impact of these issues are usually substantial figures which impact both parties in a …

Protect Your Business in a Carlsbad Divorce

Pierre Domercq Professional Practice & Business Ownership

What is the best strategy to protect your business in a Carlsbad divorce? The experienced divorce and family law attorneys at Burke & Domercq have decades of experience representing business owners and their spouses before North County family law courts. We work with clients who own a business or professional practice to protect the integrity and ongoing operations of the …