Divorce Involving a Business in Delray Beach, Florida
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Handling divorce proceedings for Florida business owners and their spouses can often come with complications of division of earnings and assets, above and beyond what they might find in average divorce cases. Florida courts will look for a means of “equitable distribution” of the marital property. “Equitable,” it is important to note, is not the same as “equal” and there is a great deal of room on both sides to argue what might constitute equitable in your case.
Things for Business Owners to Consider When Divorcing
If you or your spouse own a professional practice or business and you are contemplating divorce, the following questions may arise:
- What is that business really worth?
- How much income does it really generate?
- What is the value of a spouse’s contribution?
- What is the value of personal or business goodwill?
- How much of the business belongs to the marriage, and how much of it is non-marital property?
- Are assets or income being “hidden” in the business?
- Are there steps I should take to protect myself before filing?
Answering these questions strategically and being able to show evidence of these answers in court if necessary is essential to achieving a positive outcome in your divorce case.
Proudly Serving Clients throughout Delray Beach, Florida
No matter which side of the divorce you are on, you need an attorney who understands the relationship between business law, tax law, and family law to successfully advance your case and protect your financial position. At Beaulieu-Fawcett Law Group, we are experienced in high-asset divorce cases, and you can be confident that you will receive nothing less than the elite and professional legal representation you deserve.
To learn more about how we can help you protect your assets, call for an appointment today at (561) 600-5711 or contact us online. We are here to help you through.
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