Are you searching for a proven attorney for a business owner in a Louisville divorce? The divorce and family law attorneys at Dodd & Dodd have decades of experience in divorce cases involving a business interest or professional practice. What does a business owner need to know concerning divorce?
The first question will be one of “ownership.” Is the business considered to be marital property, the shared, equal property of you and your spouse, or is it your own separate property. The reality is many business owners owe their spouse some portion of their business during property division, even if the asset was acquired prior to marriage and marital funds never contributed directly to the business.
A business owner in a Louisville divorce should ask our experienced attorneys about the process of “valuation.” The Court must determine the valuation of your company, professional practice or business interests in order to establish the marital interest in the business during property division. Forensic investigators may be brought in to find hidden accounts or assets and to establish an accurate valuation. Prepare to provide all information including tax records to the Court. The failure to fully disclose assets and/or income or to undervalue an asset’s value could lead to serious sanctions by the Court.
You need a proven attorney for a business owner in a Louisville divorce. The experienced divorce and family law attorneys at Dodd & Dodd work to protect your business interests, provide sound counsel and help you to understand every step of the process. We work with you to develop strategies to accomplish your goals, protect your business and to offset a former spouse’s marital interest in the business if necessary.
We invite you to review the strong recommendations of our former clients and contact us or call 502-584-1108 to schedule an appointment with one of our experienced divorce and family law attorneys.
