If you own a business and are in the process of getting divorced, you essentially have to disentangle both your marriage and your business. It is important to have an attorney whom you trust and who understands the complexities of business matters.
Concerns over the ownership and future of a business have the potential to make a divorce even more acrimonious than is typically expected; this is an even greater risk when there is a question or disagreement over the true and potential value of a business and its assets.
Experienced Massachusetts Attorney for Property Division and Business Valuation
Our legal professionals at The Pitman Law Offices, LLC, are particularly skilled at handling complex family law matters. With more than 15 years of family law experience, we routinely handle high-asset cases and provide clients with sound legal advice and representation.
Located in Newburyport, our law firm serves clients throughout eastern Massachusetts and maintains a goal of helping your business remain successful after your divorce. For this to be accomplished, there must be a proper valuation conducted by experienced experts during your divorce.
Contact a Newburyport complex divorce attorney by calling 978-518-3306, toll free at
Experienced Representation for Business Owners in Divorce
If one of the divorcing parties owns a business, it is essential to have an attorney to work through the specifics of your financial situation. Our law firm has an extensive network of professionals with whom we consult to properly assess your business. We assist clients with:
- Business valuation
- Assessment of sale
- How to treat the proceeds
- How to treat the business furnishings
In the absence of a prenuptial agreement, a business is generally treated like any other asset in a divorce proceeding. The law does not look at the name on the business. If the business was acquired prior to the marriage, the law requires that we look at the value of the business when the business owner was married and the value when the business owner got divorced. Because this portion of the law is particularly complex, it is important to have experienced assistance.
Businesses as Separate Property
It may be possible to show that your business is actually separate property rather than marital property and thus not required to be distributed upon divorce. If your spouse had nothing or little to do with the company during the course of your marriage, it may be possible to remove your business from consideration during the property division phase of your divorce.
Contact a Salem High-Asset Divorce Attorney
To ensure an effective and efficient valuation of your business, it is crucial to maintain and provide up-to-date information on your businesses' finances. We can review financial statements and records in order to determine the best course of action for protecting your businesses' interests and your own personal financial interests as your divorce proceeds.
Our reputation speaks for itself. Our clientele are satisfied by our hard work, genuine care for their situation, aggressive pursuit of their goals and our results. Contact our lawyer online or by calling 978-518-3306, toll free at
