One of the most important issues determined in a divorce is the division of marital assets. In addition to real estate, cars, and home appliances, an individual’s ownership interest in a business or professional practice is subject to division upon divorce. The nature and extent of this division depend on the application of complex community property principles under California law.
At Sullivan Law & Associates, our family law litigation experience spans over 40 years. Orange County residents and their businesses have grown to rely on our ability to provide them with customized legal strategies that are suited for the particular needs and issues unique to their cases. Known for our ability to get the job done for business owners, word has traveled fast that we can garner a positive outcome for any family law or business law issue.
For more information, contact Sullivan Law & Associates online to arrange a consultation about your case.
According to community property principles, the parties’ community estate is equally divided upon divorce. As a result, courts must determine the valuation of the parties’ community assets, including their business interests. The court must determine the extent to which a parties’ property interest in a business or professional practice is attributed to the marital community and the feasibility of dividing that interest.
We have experience with the following business valuation issues:
The time, energy, and focus you devoted to building your business or professional practice has a personal worth that exceeds valuation. To ensure that the family court judge and opposing party give your interests the respect and consideration it deserves, you should consult an experienced business attorney in Orange County for legal representation. At Sullivan Law & Associates, we are committed to protecting and preserving your business interests against an unfair distribution during your divorce.