Extensive Experience In Business-Related Divorce Concerns
Arizona business owners face unique challenges in divorce. One of the primary ones is determining the true value of the business in order to ensure that each spouse receives his or her fair share. Often, one spouse is responsible for running the business, and the other spouse is not knowledgeable about the business.
At the Law Offices of Janice M. Palmer, P.C., we represent business owners and their spouses in complex property division matters involving closely held LLCs, sole proprietorships and other entities. Divorce attorney Mesa AZ Palmer has been in practice for more than 32 years. During that time, she has handled countless divorces involving business valuation and division, successfully upholding her clients’ rights and interests.
Accurate Information Is Vital To A Good Settlement
In some situations, couples are equal business partners. More commonly, however, one spouse plays a primary role (as an auto mechanic, dentist, etc.) while the other spouse is uninvolved in the business or plays a supporting role (keeping the accounts, etc.). Ms. Palmer has experience with counseling and representing parties in divorces involving businesses. She is capable and is able to answer your questions such as:
- How do I get my share of the money out of the business if we divorce?
- If I am employed by my spouse, how will I support myself after the divorce?
- What is the true value of the business?
- Is it worth the cost of having the business professionally valued?
- Do I have an interest in a business that my name isn’t on?
- How do I buy out my spouse’s interest in the business?
At times, divorcing spouses will agree as to the value of the business value. We are available to help spouses negotiate the business’s value between themselves. However, one spouse will often say it is worth little while the other will say it is worth much. In such cases, we strongly recommend hiring a neutral expert who can help determine the actual fair market value. Ms. Palmer is familiar with experts in the field of forensic accounting and the procedure of determining business values and has represented business owners (and their spouses) in multiple cases.
Call Our Divorce Attorney Mesa AZ
In addition to arranging business valuations for divorce purposes, Ms. Palmer can assist you with any concerns that you may have due to debts associated with businesses, including potential bankruptcy concerns. To learn more, call our divorce attorney Mesa AZ at (480) 820-4771 or toll-free at (888) 352-7725