Helping Business Owners Through The Property Division Process
When you file for divorce, you have many considerations that can significantly impact your future. For business owners, you also must consider your career and everything you have worked hard for. If you own a business in Florida and file for divorce, you need to work with an attorney who understands how to navigate complex property division cases.
Attorney Stuart N. House has over 30 years of experience assisting clients in Fort Lauderdale with a variety of family law concerns. Whether your divorce is contested or you can settle it without going to court, business ownership can create complications that require an experienced lawyer to help you protect your interests.
Protecting Your Business Interests After Filing For Divorce
In any divorce, you must go through the property division process to determine who keeps certain marital property, such as real estate, vehicles, and other assets. When one or both spouses own a business, there are more factors to consider. In Florida, courts typically consider businesses as marital property subject to division, even if one party acquired the business before the marriage.
Common business division arrangements may include:
- Continuing to run the business together
- Selling the business and dividing the profits
- One spouse maintains ownership
During the property division process, a professional valuation of your business occurs. Once a CPA or another professional establishes the value, the court will consider the division of the business in accordance with equitable division laws. However, you and your spouse have a say in what happens to the future of your business.
Learn More About How Stuart N. House, P.A., Can Help You
Whether your divorce is contested or uncontested, owning a business can complicate your settlement process. Working with an experienced family law attorney can help ensure that your settlement protects your rights and suits your needs.