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…
Valuation
Gray Divorce or Divorce after the Age of 50 in Carlsbad
Gray divorce or divorce after the age of 50 in Carlsbad continues to be on the rise. The Washington Post recently noted that the divorce rate for those over the age of 50 – often referred to as “Gray Divorce” – has more than doubled since 1990. Statistics show more than half of these marriages are the first marriage for…
How the Valuation of a Small Business is Established in a Carlsbad Divorce
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…
Establishing the Valuation of a Business in a North County Divorce
What is the process for establishing the valuation of a business in a North County divorce? How will a business ownership or an interest in a professional practice be handled in the divorce? These questions are actually quite legally complex and this is why it is important to be represented by Carlsbad divorce attorneys with decades of experience in cases…
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…
Proven Business Valuation Strategies in a Carlsbad Divorce
When a North County or Carlsbad divorce involves a closely-held business or substantial ownership in an S-Corporation, C-Corporation, partnership or professional practice the case becomes much more legally complex. The proven business valuation strategies in a Carlsbad divorce and the experience of your attorney will make a substantial difference in the outcome. The issue is the community’s interest in the…
Representing Professional Practitioners and Business Owners in Carlsbad Divorce Cases
The Certified Family Law Specialists at Burke and Domercq have decades of experience representing professional practitioners and business owners in Carlsbad divorce cases. Owning an interest in a professional practice or business in divorce is one of the most complex legal issues a person may face in the divorce process. This issue primarily relates to the division of community property.…
What Happens When Spouses Co-Own a Business in a North County Divorce?
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…
Don’t Believe Your Spouse’s Valuation of Their Business in a Divorce
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.…