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…
Valuation
I Owned a Business Before Getting Married – is this Separate Property?
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?…
Valuation of a Medical Practice in a Divorce
How do you establish the valuation of a medical practice in a divorce in North County or North County San Diego? What is the difference between the portion of the practice which might be community property and that which is a separate asset? Usually, the value of a business is generally established by dividing it’s present income stream or benefits…
What Happens When a Business Asset in a Divorce is Losing Money?
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…
How is the Value of a Business or Professional Practice to be Calculated in a North County or Carlsbad Divorce?
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…
Calculation of the Value of a Business in a North County San Diego Divorce
If you are considering a divorce and you or your spouse jointly or separately own an interest in a business one of the most important issues will be the calculation of the value of a business in a North County San Diego divorce case. When a divorce includes a business or professional practice the first step to determine the community…
How Does Business Ownership Affect a Divorce in North County San Diego?
How does business ownership affect a divorce in North County San Diego? Many operating agreements attempt to establish an unreasonably low value for the ownership interest. For example, a physician’s practice may establish the ownership value of each doctor’s interest in the practice at $35,000. In many cases, these clauses are shown to spouses in an attempt to intimidate them…