Business Owner’s Divorce
As a business owner, you face plenty of challenges. Managing sales, services, personnel and payroll can be incredibly stressful. Divorce can add substantial uncertainty to your life, and keeping your business afloat while working through your divorce may seem like more than you can handle. Rest assured that the team at CashattWarren can help provide clarity and comfort as you overcome these obstacles and plan for the future.
Divorce presents many unique challenges when a business is involved, especially pertaining to the division of property and assets. Our team at CashattWarren has helped many business owners and their spouses protect themselves and the business during divorce proceedings. You have worked hard to build your business, and we will work hard to help you protect it.
Our team will assist you in determining whether your business will be considered part of the marital assets and leveraged as part of your divorce settlement. Was the business founded before the marriage or during the marriage? Are both spouses active in the business? Have business assets been co-mingled with personal assets? These are just some of the questions we can use to prioritize your interests and create a tailored plan that works for your unique situation.
We know that many times both spouses work equally hard in starting and growing a business. This makes putting a value on your business a critical part of dividing and allocating property in a divorce. There are several different ways this valuation can be performed, such as asset valuation, earnings valuation and market valuation. CashattWarren will bring in the proper financial experts to help put an accurate value on your business for purposes of reaching an equitable agreement. We will take care of the detail work for you so you can focus on keeping your business running during this time.
Our team has the expertise you can count on to help you navigate through your divorce proceedings, both by providing experienced counsel and prioritizing your interests in your business. Schedule an initial consultation by calling us today at 515.421.9290 so we can begin working with you to create a plan to move forward.