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Divorce For Business Owners

Getting divorced can be difficult enough without having to address complicated issues. Property division must be resolved in every divorce case, and it can become challenging if you have complex property that is hard to divide. Owning a business is one factor that can result in a more complicated divorce case.

The Broadway Law Firm provides representation for business owners who are going through divorce in Los Angeles. If you or your spouse own a business, and you are thinking about ending your marriage, do not delay in contacting our office or call (213) 344-0545 for representation and guidance today.

Dividing a Business

If you own a business, it will be considered for property division purposes in a divorce. California requires that all community property be divided as evenly as possible before a divorce can be finalized. Even if you started your business before you got married, the growth and increased value of the company during the marriage would still be considered to be community property that needs to be divided.

There are different options for divorcing business owners, including:

  • Sell the business and divide the proceeds between the spouses
  • Have one spouse buy out the other’s business interests
  • Give one spouse more property (such as a house) while the other spouse retains the business ownership
  • Continue running the business together and sharing ownership of the company

What works best will vary from case to case. If you own a business with other owners, there might be contracts, such as a buy-sell agreement, to consider, as well.

Learn How The Broadway Law Firm Can Help

The The Broadway Law Firm provides legal representation in divorces that Los Angeles business owners can trust. We help find the right solutions in every individual case, so please consult with an experienced divorce attorney today.

This post is also available in: Español (Spanish)

Reviews

“I reached out to Broadway Law Firm regarding a personal injury claim. The Attorney who took my case was Mark. I would definitely recommend Mark. He has the experience necessary to win your case and get you the highest compensation. Thank you Broadway Law Firm I couldn’t be happier.”

Fernando Vasquez

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“I had interviewed 12 lawyers before hiring the Broadway Law Firm. My case got affected by the pandemic and it was an extremely stressful and difficult time. Most of the other lawyers treated me like earning potential and gave me the rates I could not afford, without any promises to win my case. Once I talked to Mark Kiran I had hope. I was then represented by Anthony Catena who always was very professional and treated me with respect. He didn’t drug my case, made sure I don’t accumulate unnecessary charges, and was a great support during the most stressful time in my life. He won my case, got my son back to me AND got me some money back from my ex to pay my legal fees. I am beyond grateful for their work and support. If you are looking for a legal representation don’t waste your time and call them, they got you.”

Olesya Golub

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“Marc put my mind at ease thank you.. sometimes it takes a little phone call to put everything into place”

Damesha Flowers

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“They are very helpful with their free consultations. They receptionist takes the time to listen and determine if theirs anything they can help you with. The receptionist refered me to my Attorney Mark. He is definently the Attorney you want on your side. I highly recommend calling them and getting a free consultation. Thank you Mark.”

Crystal Lazos

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“They were able to handle my injury case in a timely matter. I was kind of reluctant to deal with any kind of lawyers because of the horror stories I’ve heard. However the people at Broadway Law Firm we’re always able to help out and provide information. It kept me at comfort knowing I can call whenever and if any changes presented themselves Mark would call me back as soon as possible. Mark was my attorney and took direction . He got me the settlement I wanted and needed. This whole experience was a walk in the park.”

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