What is the reason for business profitability valuation during a Louisville divorce? How will a valuation work to establish the true value of a business interest or professional practice in a divorce? The primary purpose for business profitability valuation during a Louisville divorce is to establish the genuine amount of money a business interest generates each year as part of …
Conducting a Business Valuation in a Louisville Divorce
The process of conducting a business valuation in a Louisville divorce is quite legally and financially complex. There are many different methods to value the marital interest in a small business, corporate entity or professional partnership. The two former spouses have directly competing interests in the outcome of the valuation. Ultimately, the valuation of any marital interest in a business …
What Are the Challenging Issues of a Gray Divorce in Louisville
What are the challenging issues of a gray divorce in Louisville? Recent studies have shown the divorce rate of those above the age of 50, also known as “Gray Divorce” is the highest of any group. The studies have shown gray divorce can help those who have suffered in a stagnant or toxic relationship for years to move forward with …
A Louisville Divorce Involving a Doctor
Are you a physician or the former spouse in a Louisville divorce involving a doctor? It may surprise you to learn doctors have one of the lowest divorce rates as a professional here in the US. However, doctors get divorced. The life of a doctor is demanding. Physicians save lives, help people to manage significant health challenges while maintaining busy …
Protect Your Business During a Louisville Divorce
What are the best strategies to protect your business during a Louisville divorce? Will your company 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 business or professional practice prior to …
The Basics of a Business Valuation in a Louisville Divorce
What are the basics of a business valuation in a Louisville divorce? Why is valuation one of the most central issues in a divorce which involves a business interest or professional practice? If the business or professional practice interest was obtained prior to the marriage and a valid prenuptial agreement excludes the asset, and/or no marital funds or labor-related contributions …
Serving Small Business Owners in a Louisville Divorce
There are a multitude of small businesses here in Louisville and across Southern Kentucky. When their marriages are coming to an end a business owner or licensed professional has many important interests to protect. This is why you need the divorce and family law attorneys at Dodd & Dodd who have decades of experience serving small business owners in a …
Basics of Business Valuation in a Louisville Divorce
What are the basics of business valuation in a Louisville divorce? One of the most legally complex and financially contentious issues in a divorce is the ownership of a business or professional practice. If you own a business or are a licensed professional or a medical practitioner with an interest in a professional practice or a business of your own …
Valuation Isn’t Just for a Business in a Divorce
While it often applies to a company or professional practice valuation isn’t just for a business in a divorce. What is valuation and how is it helpful in the successful completion of the divorce process in Louisville and Jefferson County? Here in Kentucky, all marital debts and assets must be divided evenly between the former spouses. The process of property …
Business Ownership is a Substantial Challenge in Many Jefferson County Divorces
Business ownership is a substantial challenge in many Jefferson County divorce cases. Generally speaking higher amounts of assets and retirement accounts lead to more legally complex issues in your divorce. Business ownership or a professional practice will require careful consideration, planning and negotiation. If the two of you jointly own a business you will face several choices including, but not …