Dividing a business during divorce is often a challenging and complicated process.

Dividing a business in a divorce can introduce new challenges to an already complex process. Ultimately, each party must decide their intentions for their ongoing involvement in the business, as well as the best way to divide the business financially.

Do you have concerns about protecting your business interest during a divorce? 

Our Orlando Family Law Firm understands the impact divorce has on a business and will help guide you through the process.

Dividing Business Assets During a Divorce

One of the most important aspects of dividing a business during divorce proceedings is determining the valuation of the business. Securing an accurate business valuation is important. 

The valuation process is particularly tricky and is often lengthy and costly. Therefore, it is crucial to work closely with an experienced Orlando, Florida, divorce lawyer.

There are three common ways that a marital business is divided in a divorce:

  1. One spouse buys out the other spouse’s interest in the business,
  2. Both parties continue to co-own the business, or
  3. The business is sold and the proceeds are divided between the parties.

If the business is relatively new or has not generated sufficient income and/or has insufficient assets, it may not warrant investing substantial funds in an expert valuation. A seasoned attorney will be able to assist in making such a determination.

Speak With a Knowledgeable Divorce Lawyer That Understands Business

Our firm handles high-stake, complicated marital and family law cases. Recognized for their professionalism, excellence and dedication to Orlando Family Law, our attorneys are more than equipped to handle your situation.

Contact us at (407) 757-2877 or go online to schedule an appointment to discuss your unique situation.