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Divorces Involving Business Owners in Somerset County

Thorough & Thoughtful Representation for Business Owners in New Jersey

Divorce involving business owners and their spouses requires careful consideration of how the business will be valued and divided. Simply determining the value of a family-owned or closely held company can be a topic of major dispute. There are also other factors – such as the tax considerations associated with a divorce and the terms of a prenuptial agreement – to consider. All in all, this is an extremely complex process. The best way to ensure you will be treated fairly is to work closely with experienced Somerset County divorce lawyers who can anticipate and account for these and other factors.

You can trust in the knowledge and experience of Shimalla, Wechsler, Lepp & D’Onofrio, LLP. Our attorneys are well-versed in these issues. Whether you own a business, your spouse owns a business, or you and your spouse jointly own a business, we will effectively represent your interests.

Discuss your case with us during a confidential consultation. Call (908) 356-7634 to schedule yours.

Valuing a Business

The first question that must be answered in a divorce involving a business is determining whether the business is part of the marital estate. In some cases, the business is separate from the marital estate. In these situations, the income from the business may have to be determined for support purposes.

If the business is part of the marital estate, the next step is to determine its value. Our law firm works with business valuators in the specific field who can provide an accurate estimate of the company’s value. For closely held companies, there are different methods to determine the value of the company. Of course, the other spouse will likely enlist their own expert, who may have a different view of the company’s values. Our Somerset County business divorce attorneys are ready to make a strong case on your behalf.

Creating Sensible Property Distribution Arrangements

Once the business’s value has been determined, the next step is to work out an equitable distribution of assets. If you are the spouse who owns the business, you may be required to give up a larger share of marital assets to ensure an equitable distribution of property. Whether your case is eventually resolved in negotiations, alternative dispute resolution, or litigation, we will be at your side each step of the way.

To arrange an appointment, contact us online or at (908) 356-7634.

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