What Happens to My Business or Professional Practice

What Happens to My Business or Professional Practice in a Louisville Divorce?

Many clients have asked “what happens to my business or professional practice in a Louisville divorce? Divorce cases involving business ownership or a professional practice are quite complex and require skilled, experienced legal representation. The proven divorce and family law attorneys at Dodd & Dodd have decades of trial experience and insight into these cases. The first question is whether …

Valuation of Goodwill and Professional Practice Ownership in Divorce

How Does the Valuation of Goodwill Affect Professional Practice Ownership in a Louisville Divorce?

What is “Goodwill” and how does the valuation of Goodwill affect professional practice ownership in a Louisville or Jefferson County divorce? Goodwill is the human impact upon a business, and the effect a specific person has upon the likelihood of continued patronage. If the professional facing a divorce in Jefferson County or Louisville was no longer part of the professional …

Valuation of a Professional Practice During a Louisville Divorce

Valuation of a Professional Practice During a Louisville Divorce

The valuation of a professional practice during a Louisville divorce is one of the most expensive and contentious issues one may face in a divorce. Professional practices including medical and dental practices, lawyers, engineers, accountants, architects or other licensed professionals present significant challenges for both parties in a divorce. How do you value a professional’s interest in an ongoing practice …

Professional Practitioners and Business Owners in Louisville Divorce

Professional Practitioners and Business Owners in Louisville Divorce Cases

The attorneys at Dodd & Dodd have decades of experience representing professional practitioners and business owners in Louisville divorce cases. Owning an interest in a professional practice or business in divorce is one of the most complex legal issues a person may face in the divorce process. This issue primarily relates to the division of marital property. Each spouse almost …

When Physicians Divorce in Louisville

When Physicians Divorce in Louisville

What are the primary issues when physicians divorce in Louisville?  Like most, child custody and parenting time is a primary concern when the couple share a children.  However, one of the central issues in a physician’s divorce will also be the valuation and division of their interest in a professional practice. Many physicians insist upon a prenuptial agreement prior to …

Protect Your Professional Practice or Business During Your Divorce

Protect Your Professional Practice or Business During Your Divorce

What are the best strategies to protect your professional practice or business during your divorce in Louisville?  Will your business interest be a part of the marital property settlement or will it be classified as “separate” property?  These are crucial questions for any business or professional practice owner who is considering a divorce. Generally speaking, if you owned your professional …