What is the Goodwill associated with a business in divorce and why does it matter? Goodwill is a term which is generally associated with the intangible benefits one or both of the spouses bring to a community property owned business or professional practice. Goodwill is considered as a separate issue from the valuation of the business asset itself, or from…
Professional Practice
Don’t Believe Your Spouse’s Valuation of Their Business in a Divorce
You should never believe your spouse’s valuation of their business or professional practice in a Carlsbad or North County San Diego divorce. Many businesses, LLCs, corporations and professional practices establish a value of an ownership interest in the corporate documents of the entity. These values are usually fictitiously low and will not hold up to the scrutiny of a divorce.…
All Assets of a Business or Professional Practice Must be Considered During a Divorce Valuation
All assets of a business or professional practice must be considered during a divorce valuation in North County San Diego. This is especially true when establishing the value of a small business. According to a recent analysis by the US Treasury Department, the vast majority of American businesses are small companies, often without any employees or owners other than the…
Protecting Your Business or Professional Practice in a Carlsbad Divorce
Protecting your business or professional practice in a North County or Carlsbad divorce can be legally quite complex. How is a professional practice or business ownership interest handled in a divorce? What are the primary issues and how do you protect the ongoing operations and value of your business during this difficult time? The operational aspects of the business should…
Identifying the Value of a Spouse’s Business in a Divorce
What is the process for identifying the value of a spouse’s business in a divorce in North County or Carlsbad? The most important thing you need to know as the spouse of a business owner is this: Your spouse will not have anything to say or do with the actual valuation of that business interest. That will be determined through…
Protecting Substantial Assets in a Carlsbad Divorce
Are you concerned about protecting substantial assets in a Carlsbad divorce? Do you own rental or investment real estate? Do you have substantial savings, investment and or retirement accounts? Are you or your former spouse the owners of a business or a partner in a professional practice? What steps should you take to prepare for divorce and to protect your…
Is Business an Asset or Income During a Divorce?
Is business an asset or income during a divorce in North County or North County San Diego? How do you disclose business ownership and what are the issues for each of the former spouses? A business or professional practice is absolutely an asset during a divorce. California is a community property state and all community property must be divided evenly. …
What Happens When a Business Asset in a Divorce is Losing Money?
What happens when a business asset in a divorce is losing money? In a North County San Diego divorce all assets of the parties must be divided according to California’s community property laws. This includes the ownership interests in a business or professional practice. Normally, the business would undergo an independent “valuation” to establish the value of the community’s ownership…
Can a College Education or Professional License be an Asset with Value in a Divorce?
Can a college education or professional license be an asset with value in a divorce? California has extensive case law regarding the value of an education or professional license that was obtained during the course of the marriage. California recognizes the sacrifice that both parties must make in order to complete an education or to obtain a professional license, especially…
What Happens to Carlsbad Business Owners in a Divorce
What happens to Carlsbad business owners in a divorce? How is the ownership of a business handled in a North County San Diego divorce? What happens to the business itself? Can the company continue to operate during and after the divorce? Solo business owners worry about how their company will be handled in a divorce. You’ve invested your money, time,…