Divorce And The Impact On Businesses
When a couple or one spouse owns a business and is going through a divorce, it is essential to ensure that the business is properly valued for property division purposes. These types of issues can be complex, and it is important to have an experienced lawyer on your side who can help guide you through this process. We do just that for clients at our law firm, Zachary D. Smith, LLC. Our lead attorney has been certified by the Ohio State Bar Association as a family relations law specialist and is a fellow of the American Academy of Matrimonial Lawyers. Family law is what we do. We can help you disentangle you and your spouse and bring your divorce to an efficient resolution.
Protecting Your Interests While Working Toward A Fair Division
When it comes to property and asset division, every client has a different set of interests and goals. Your attorney at Zachary D. Smith, LLC, will sit down with you in order to understand your goals and answer all of your questions. There are always a variety of solutions and we will work together to choose the right one for you. The difficult part is determining what will work based on your specific situation. For some, one spouse buying the other out is the best choice. For others, agreeing to gift the business to the next generation is the right path.
Sometimes selling the business may be the smartest (or only) option. If one person isn’t able to buy the other one out, they might just decide it is best to put it in the hands of someone else. Another, and typically least desirable option, is to remain co-owners. Even though you are separating in your personal life, you may still decide to operate together in a professional manner. This has its own challenges depending on your concerns. Regardless, we will discuss these options with you and help you make smart choices about the future.
Contact Us To Learn More About How A Business Can Affect Your Property Division Agreement
Whether you are a business owner or a spouse who has contributed to its success, we will help ensure a fair valuation and property division. To find out more about how we can help you, call us at 513-275-1164 or send us an email. We have three office locations, inn Cincinnati, Montgomery and Crescent Springs, KY, to conveniently serve you.