Spouses Co-Own a Business in a North County Divorce

What Happens When Spouses Co-Own a Business in a North County Divorce?

Pierre Domercq Professional Practice & Business Ownership

What happens when spouses co-own a business in a North County divorce? There are many spouses who purchase a business together, and work side-by-side to make the business successful. What happens to this business in the event of a divorce? The key to these answers lies with the parties themselves.  Is the business viable without one or both of the …

Your Spouse's Valuation of Their Business in a Divorce

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

Pierre Domercq Professional Practice & Business Ownership

You should never believe your spouse’s valuation of their 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 scrutiny of a divorce. …

Valuation of a Small Business is Established

How Valuation of a Small Business is Established in a Carlsbad Divorce

Pierre Domercq Professional Practice & Business Ownership

The process of how the valuation of a small business is established in a Carlsbad divorce will have a substantial financial impact on your divorce.  What happens to a closely-held business in a divorce in Carlsbad Encinitas or Oceanside?  Why is the valuation of the business such a complex legal issue in many cases? When a small business is considered …

Protecting Your Business or Professional Practice

Protecting Your Business or Professional Practice in a Carlsbad Divorce

Pierre Domercq Professional Practice & Business Ownership

Protecting your business or professional practice in a North County or Carlsbad divorce can be legally quite complex.  How is a professional practice or business ownership interest handled in a divorce?  What are the primary issues and how do you protect the ongoing operations and value of your business during this difficult time? The operational aspects of the business should …

owned a business before getting married

I Owned a Business Before Getting Married – is this Separate Property?

Pierre Domercq Professional Practice & Business Ownership

We are often asked “I owned a business before getting married.  Am I going to be able to keep it?” What happens to a business in a Carlsbad Divorce?  How is the business handled if one of the spouses owned it prior to the marriage?  How is business ownership divided when the company started during the course of the marriage? …

Identifying the Value of a Spouse's Business in a Divorce

Identifying the Value of a Spouse’s Business in a Divorce

Pierre Domercq Professional Practice & Business Ownership

What is the process for identifying the value of a spouse’s business in a divorce in North County or Carlsbad?  The most important thing you need to know as the spouse of a business owner is this: Your spouse will not have anything to say or do with the actual valuation of that business interest.  That will be determined through …

Business Valuation and Division in a Divorce

Business Valuation and Division in a Divorce

Pierre Domercq Professional Practice & Business Ownership

Are you considering a divorce in North County San Diego?  Do you own a business or an interest in a professional practice?  If the answers to both questions is “yes” the issues of business valuation and division in a divorce should be one of your primary concerns. California is a community property state.  In the absence of a written agreement …

What Happens When a Business Asset in a Divorce is Losing Money?

What Happens When a Business Asset in a Divorce is Losing Money?

Pierre Domercq Divorce

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 …