How are Professional Practices Handled in a Divorce?
If the future of your dental, medical, real estate brokerage, veterinary or legal professional practice hinges on the outcome of your high net worth divorce, Andrew P. Johnson, APC and their experienced Certified Family Law Specialist, can aggressively protect your rights.
It is imperative to receive solid legal guidance about the treatment of a professional practice during the asset division of your divorce. You should arrange an initial consultation with Andrew P. Johnson, APC, in Vista — serving a broad range of family law clients in North County and San Diego County for many years.
Andrew P. Johnson, APC has a certified family law specialist with comprehensive legal knowledge, dedication to personal service, and a reputation for results that you can trust. Our experience, business and accounting background give us the ability to create strategies that will protect your interest in the practice, so that you may continue your career and maintain your professional reputation in this community.
When Your Professional Practice and Reputation Are at Stake, Protect Your Rights!
Here at Andrew P. Johnson, APC, we can provide you with a realistic assessment of your objectives when significant assets are involved in a divorce, as well as the facts and guidance you need to make sound decisions. For instance, many clients are primarily concerned with keeping control of a business or professional practice. Our firm will clear up any confusion centered on the value of your practice, and your “good will” or intangible contribution to its success.
Professional practices such as medical or dental offices, veterinary or law offices appreciate in value as they become more profitable. Ideally you want an efficient, mediated or negotiated settlement that takes into account the contribution that you make to its profitability. Your efforts not only increase or enhance the value of a practice, but those same efforts, are also recognized in the calculation of income available for support. This conundrum is often very perplexing to professional practices owners. It is commonly referred to as the “Double Dip.”
Andrew P. Johnson, APC has experienced trial attorneys who have successfully represented professionals in these types of cases for many years. They have also represented spouses of professionals such as doctors, dentists, lawyers and other professional practice owners.