Divorce Involving A Business
Worried about losing your business in a divorce? Are you concerned about getting your fair share of a family business?
When divorce involves a business, the financial stakes are incredibly high. On top of that, the divorce rate is higher for entrepreneurs. At the Leskovich Law Group in Punta Gorda, Florida, our lawyers are here to protect your financial interests. We have 50 years of combined experience in Florida’s equitable distribution laws.
Is The Business Marital Property?
If the company started during the marriage, even if only one spouse runs it, it is marital property under Florida law. Even if the owner established the business before the marriage, the non-owner spouse may have a claim if he or she contributed to the success of the business or you invested marital assets in the business.
Dividing a business can be incredibly complex. The business owner may have to buy out the other person’s share during the property division process.
The First Step
No matter which side of the equation you are on – if you own the business or if you are the other spouse – the first step is to have an accurate valuation done. We work with business valuations experts to arrive at a fair value. Using an unbiased third party gets you accurate numbers, and our attorneys can work forward from there.
The best way to get started, with experienced divorce attorneys by your side, is to give us a call. We can set up a free consultation to look over your case and go through your options. Call us at 941-621-6623 or contact us online.