Property Division And Business Owners: A California Conundrum
Business ownership division in a divorce must be carefully managed, and, unfortunately, there are many facets to these complex cases. When the future of a closely held family business is at stake in the outcome of a high net worth divorce, the input of an experienced certified family law specialist with an accounting and business background is essential if want to ensure that your rights are being protected.
Our attorneys at Andrew P. Johnson, APC, have extensive experience in this area, and they have successfully represented clients with complex business valuation cases. They help individuals who have owned professional practices and large financially complex corporations as well as professional athletes, entertainers, and radio and television personalities. Our team’s goal is always the same: providing diligence and insight into the struggles ahead.
The Attorneys To Contact When The Future Of Your Business Is At Stake In A Divorce
Business ownership division in a divorce can be a key issue. Our lawyers have guided clients through any and all divorce property division concerns, including the very complex issues facing such organizations as:
- S corporations
- Sole proprietorship and Schedule C tax filers
- C corporations
- Multilevel commercial real estate ventures
- Construction companies
- General partnerships
Our attorneys can explain the fiduciary and disclosure requirements that individuals owe to one another within a divorce. These duties are onerous, and failure to comply with them can result in harsh penalties.
Work With A Certified Family Law Specialist
Our team has extensive experience in divorce cases involving a family-owned or closely held business. There are several sound strategies that can offset the spouse’s community property interest in the business while still allowing the business to survive and prosper.