How do you handle a family business during a divorce? Can you keep the business running while ownership and associated property division issues are resolved? California business owners who get divorced will face crucial issues regarding the viability and division of a family owned company or business. This is why it is so important to consider a prenuptial agreement to…
Professional Practice
How is a Business Interest Valued in a North County Divorce?
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…
How Does the Valuation of Goodwill Affect Professional Practice Ownership in a North County Divorce?
What is “Goodwill” and how does the valuation of Goodwill affect professional practice ownership in a North County or Carlsbad divorce? Goodwill is the human impact upon a business, and the effect a specific person has upon the likelihood of continued patronage. If the professional facing a divorce in North County or Carlsbad was no longer part of the professional…
Valuation of a Professional Practice During a Carlsbad Divorce
The valuation of a professional practice during a Carlsbad divorce is one of the most expensive and contentious issues one may face in a divorce. Professional practices including medical and dental practices, lawyers, engineers, accountants, architects or other licensed professionals present significant challenges for both parties in a divorce. How do you value a professional’s interest in an ongoing practice…
The Valuation of a Business or Professional Practice in a Divorce
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.…
Is it Harder for a Business Owner in a Divorce?
Is it harder for a business owner in a divorce in Carlsbad or North County? California business owners may wish to learn more about how their business will be handled in a divorce. Business owners who are facing the end of a marriage may confront challenges which simply aren’t relevant to other couples. You’ve poured your life and hard work…
What Happens to Your Business During a Divorce
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.…
What is the Process of Business Valuation in a Carlsbad Divorce
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? 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…
How is a Business Valuation Determined in a North County Divorce?
How is a business valuation determined in a North County Divorce? How is a business or professional practice handled in a Carlsbad divorce? The first question regarding a business or professional practice in a divorce will be the nature of the asset itself. Is it “community property” or a “separate asset” under California law? Generally speaking, property (including the ownership…