What Happens To Business And Professional Practice Interests 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. Business valuation disputes are often highly contentious. We have the resources, knowledge and long-standing relationships with experts who can provide evidence relevant to the individual issues in dispute in your case.
Note that there are multiple methods or formulas for evaluating the value of a business or professional association. Proper business valuation often involves more than reviewing and analyzing balance sheets. Choosing the appropriate expert witness (or combination of experts when the case involves a battle of experts) is a critical step in preparing for divorce negotiations or litigation. Similarly, it may be prudent to use a mix of business valuation methods to determine the fair value. Our substantial experience in complex disputes allows us to prepare and plan for these complex disputes and help to protect business interests in divorce.
Comprehensive Experience To Address Business Property Division Issues In Divorce
Cipriano Law Offices, P.C., based in West Caldwell, is uniquely suited to assist business owners and high-salaried professionals. Our founding attorney, Melissa Cipriano, holds an MBA and is a qualified economic mediator. Our team of divorce lawyers bring a wealth of experience in resolving complex disputes. Ms. Cipriano, Bart W. Lombardo, Karen Tichenor Willitts, as well as Of Counsel attorney Allison E. Holzman, each have more than 20 years of experience litigating complex disputes involving business and professional association interests in divorce proceedings.
We have the resources and knowledge to fairly divide business interests during divorce. Our goal is to fight at every step for the best possible result from your business dealings during the divorce process. Dial 973-852-3346 or contact us online 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. Similarly, as the spouse of a business owner, you want to work with a financially savvy attorney who knows how to investigate business records to uncover all assets.
Personal Attention For Tailored Resolution Of Property Division Disputes
At Cipriano Law Offices, P.C., we will listen to your concerns and learn your business goals. We will provide you with guidance and the formidable advocacy to protect your finances and unique situation. This includes providing options such as trying your case in court, or through alternative dispute resolution processes – including economic mediation, allowing you more control over the conditions of your divorce.
Our team of business-savvy litigators are skilled in the courtroom and each attorney has an in-depth understanding of New Jersey’s equitable distribution laws as these apply to marital property division. Each of our lawyers routinely provide business owners and professionals facing divorce with experienced representation and guidance in protecting business assets, helping to make certain the business continues to operate while the divorce is taking place, and fighting to protect the rights of clients regarding operation and control of the business.
The lawyers at Cipriano Law Offices, P.C. have the skills and professional contacts when expert testimony is needed to provide evidence for an accurate business appraisal, or forensic accountants to present evidence regarding assets that may be in dispute. We work every step of the way toward obtaining a fair resolution regarding any property division case.
Reach Out To Our Business-Savvy Divorce Lawyers
To learn more about the services we can provide for you, call at 973-852-3346 or email our office to schedule an initial consultation. Based in West Caldwell, we serve clients in Essex County, in Bergen County, in Morris County and throughout northern New Jersey.