Protection for Parties in Business Owner Divorce Cases
Valuing a business and distributing its assets fairly during a divorce can be a complicated task. Attorney Drummond T. McCunn can help you protect your business and its most valuable assets. A business owner divorce attorney in Granite Bay, CA, looks out for the value as well as the reputation of your business, so you can continue operations successfully after divorce.
The Impact of Divorce on a Business
Divorce cases can be friendly, or they can also take a less amicable turn. In some instances, one spouse may be interested in causing harm to the other, including any business interests. When the assets of your business are drained or the goodwill you have built up over the years is hurt during divorce, the end result can be financially devastating not only for you but for your business. To avoid this, you must place your case in the hands of a capable attorney.
Shielding business assets is key in a divorce of this type and our team is here to help.
Protecting your good name and that of your business is critical during divorce if you plan to continue operations after the divorce is finalized. We do that by shouldering the burden of the divorce process for you, so you can focus on your work and continue to thrive. We also use every legal mechanism at our disposal, such as protective orders and seeking injunctive relief, to prevent your soon to be ex-spouse from spreading damaging rumors or disposing of business assets.
Protection for Your Business during Divorce
- Preventing your spouse from taking assets out of the business or making large cash withdrawals.
- Putting safeguards in place through injunctions and other orders that keep your spouse from publishing harmful information geared towards tarnishing the image of your business.
- Partnering with reputable and qualified financial professionals to properly value your business.
In today’s technical world, it only takes the click of a keyboard to publish information about someone or something, and we take the steps necessary to prevent this from happening during your divorce. We also keep an eye on your business profit and loss, which helps identify when financial sabotage is at work. If your spouse has access to business accounts, we ensure all appropriate banking protections are put into place to prevent future access and help you revoke any prior authorization given regarding your accounts.
If you are a business owner, it is a good idea to draft an agreement prior to or just after marriage to keep your business separate and safe. A prenuptial or postnuptial agreement can be tailored to your business interests, providing peace of mind in knowing if your marriage ends in divorce your business will remain yours and will remain intact. Agreements can also be beneficial in instances when one spouse buys or sells their business interest upon divorce. These agreements will act as a blueprint for the business and its holdings should the parties divorce, and are powerful tools to help protect your business.
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