You Can Compromise To Make Things Work — Even With Business
Florida business owners are very committed to the companies they have built and are loath to lose them in a divorce. However, if one person brought that business into a marriage, the increase in value during the marriage is considered marital property and must be divided.
Sheldon E. Finman, P.A., works with our client and the other side to find non-adversarial solutions to all divorce issues, including but not limited to, business interests. We can help our client find a way to preserve the business while making sure our client’s spouse receives his or her fair share. How this can be accomplished will require some objective analysis which will result in maintaining business productivity while having an outcome which works for both parties.
Why Use Problem-Solving Methods?
Having worked with many business owners filing for divorce, we understand what is at stake as well as the pain and suffering couples go through during the divorce process.
By working together to find a balance, you will both walk away feeling better about yourselves and the divorce process, leaving room for communication in the future regarding your business dealings, children and continuing family bonds. In addition, using problem-solving methods of divorce allows more leeway when separating your assets than traditional court proceedings.
How A Certified Public Accountant Can Help You
By working with a neutral financial professional, most often a Certified Public Accountant, experienced in business valuation and Florida Law to determine the value of the business, we can discuss with the other side options available, including dividing all the assets and property.
The CPAs we work with can either go into detailed business valuations or can do a survey of the business financial status, which may include taxes, balance sheets, business operations, along with interviewing our client to give an approximate range of value. This second option is considerably less expensive and can still allow for a fair division of property. However, some business enterprises may require a more formal approach of business valuation in consideration of the size, complexities, and value involved.
Schedule A Consultation For Help Valuing Your Business
Contact us at 239-215-4952, or send an email to learn more about our problem-solving divorce methods. Our law office is in Fort Myers, and we represent clients throughout southwest Florida, including Cape Coral.