What are the best strategies to protect your business during a San Diego divorce? Will your company be a part of the community 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 prior to the marriage…
Professional Practice & Business Ownership
The Basics of a Business Valuation in a San Diego Divorce
What are the basics of a business valuation in a San Diego 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 community funds or labor-related…
Serving Small Business Owners in a San Diego Divorce
There are a multitude of small businesses here in San Diego and across Southern California. 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 Certified Family Law Specialists at Burke & Domercq who have decades of experience serving small business owners in a…
How is a Family Owned Business Divided in a San Diego Divorce?
How is a family owned business divided in a San Diego divorce in Carlsbad? If the business was in the family and the spouse owned their position in the company prior to the marriage it may be at least partially considered to be separate property. There will be a lot of questions regarding the use of marital funds to support…
What Will Happen to the Family Business in our San Diego Divorce?
We are often asked “what will happen to the family business in our San Diego divorce?” Owning a small business or an interest in the family business will be handled as part of the community property division process. The valuation and division of the community property interest in the business is legally and financially quite complex. The business owner or…
Basics of Business Valuation in a San Diego Divorce
What are the basics of business valuation in a San Diego 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…
Business Ownership is a Substantial Challenge in Many North County Divorces
Business ownership is a substantial challenge in many North 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…
Pre-Planning Can Protect Your Business During a Divorce
Did you know that pre-planning can protect your business during a divorce? One of the most challenging issues for business owners and professionals in practice is the valuation and division of a business interest. Here in California, all community property (property which was acquired or supported with marital funds) must be divided equally between the spouses during a divorce. How…
What Happens to My Business or Professional Practice in a Carlsbad Divorce?
Many clients have asked “what happens to my business or professional practice in a Carlsbad divorce? Divorce cases involving business ownership or a professional practice are quite complex and require skilled, experienced legal representation. The proven Certified Family Law Specialists at Burke & Domercq have decades of trial experience and insight into these cases. The first question is whether or…
How the Valuation of a Small Business is Established in a Carlsbad Divorce
The process of how the valuation of a small business is established in a Carlsbad divorce will have a substantial financial impact on your divorce. What happens to a closely-held business in a divorce in Carlsbad Encinitas or Oceanside? Why is the valuation of the business such a complex legal issue in many cases? When a small business is considered…