What Happens To The Family Business During Divorce?
If you and your spouse are business owners, divorce can have additional complications. Evaluating a business, its assets and liabilities is a much more complex issue than dividing property like a home or a car. You need an attorney with business experience who can evaluate all the options and help you navigate the complexities of business valuations and division. The lawyers at Cipriano Law Offices, P.C., have the skills to accurately appraise assets and work toward a fair resolution regarding any property division case.
Cipriano Law Offices, P.C. is uniquely suited in assisting business owners and high-salaried professionals. Our founding attorney holds an MBA and is a qualified economic mediator. We have the resources and knowledge to fairly and fully divide a business during divorce. We can ensure you obtain the best possible result from your business dealings during the divorce process. Dial 973-852-3346 today to get a lawyer with business acumen on your side.
Protecting Personal And Business Assets
While every property division matter during a divorce requires unique handling, this is particularly true when it comes to a divorce case where one or both spouses also happen to be a business owner. There must be an accurate determination, regarding which are business assets, and which are marital assets. Tax issues may also play a role. Such determinations, of course, impact more than the division of property. They may also influence court determinations regarding the payment of child support and alimony.
If personal assets are used to fund the business, the amount of such funding also requires careful documentation. As a business owner, you will want to avoid any allegations that assets are being hidden. At the same time, you will wish to make certain that trade secrets and other confidential business matters are not publicly disclosed. At Cipriano Law Offices, P.C., we will listen to your concerns and try to know your business goals. We will provide you the kind of advice that directly applies to your case. This includes providing options such as trying your case through mediation, allowing you more control over the conditions of your divorce.
Protect Your Business Interests During The Divorce Process
Besides being an experienced mediator and family law attorney, founding attorney Melissa Cipriano has a Master of Business Administration. Melissa also has an in-depth understanding of New Jersey’s equitable distribution laws as these apply to marital property division. She routinely provides business owners and professionals facing divorce experienced representation and guidance in protecting business assets, making certain the business continues to operate while the divorce is taking place, and making certain your own rights regarding operation and control of the business receive protection.