Sophisticated Legal Guidance For Business Owners Navigating Divorce In Florida
At the Law Offices of Forrest & Forrest, PLLC, we understand the unique challenges that come with being a business owner facing a divorce. Dividing businesses and business interests requires a sophisticated understanding of both family law and business valuation. From tech startups to established enterprises, our attorneys have the experience necessary to handle business owner divorces across all industries. Our attorneys understand that protecting the business is critical and work hard to ensure that day-to-day operations are not interrupted.
With over 50 years of combined experience and a firm solely dedicated to family law since 2012, we provide tailored legal services from our offices in Fort Lauderdale and Boca Raton, serving the entire Tri County Area. Our board-certified family law attorney, along with a team that includes Spanish-speaking lawyers and paralegals, ensures comprehensive support. We strive to achieve the best results for our clients efficiently and discreetly, settling cases promptly and protecting your professional and personal interests.
Navigating The Division Of Business In Divorce
Dividing a business during a divorce can be complex, especially without a prenuptial or postnuptial agreement. In Florida, the division of business assets must align with equitable distribution laws. This does not necessarily mean an equal split but rather what is deemed fair by the courts.
These divisions can vary significantly – from one spouse retaining the business while compensating the other, to selling the business and dividing the proceeds. Our attorneys are adept at navigating these scenarios, ensuring a division that safeguards your business continuity and personal financial security.
How To Accurately Value A Business In Florida
When facing a business owner divorce, accurately determining the value of business assets is critical. This process includes assessing not just the tangible assets but also the income potential and liabilities associated with the business. Whether the decision is to retain, sell or buy out business interests, a clear understanding of its value forms the basis for fair asset division. At the Law Offices of Forrest & Forrest, PLLC, we utilize leading business appraisal methods and work with expert accountants to ensure that every financial aspect of your business is accounted for correctly.
Is My Spouse Entitled To Half My Business If We Divorce In Florida?
In Florida, whether a spouse is entitled to half of your business depends on whether the business is considered marital property or separate property. Factors such as when the business was established and how both spouses contributed to it play a crucial role. Our lawyers meticulously analyze every detail to advocate for an equitable division that recognizes your contributions and future business potential.
How Is An LLC Treated In A Divorce In Florida?
Divorcing with an LLC involves specific considerations. The treatment of an LLC in a divorce varies based on its structure and the agreements in place among members. Florida law typically looks at how the LLC was managed, funded, and grown during the marriage. Our approach involves a detailed assessment to determine equitable interests, ensuring compliance with both legal standards and personal objectives.
Protect Your Business Interests, Contact Us Today
Navigating a divorce as a business owner requires legal representation that understands the stakes. Contact us today by calling 954-859-1715 or by filling out our online contact form. From our offices in Fort Lauderdale and Boca Raton, we are able to assist clients throughout the Tri County Area. For your convenience, our English and Spanish-speaking legal team offers consultations in-person, virtually, over the phone and by email.