Massachusetts Attorneys for Dividing a Business
If you own a business and are going through a divorce, it is important to protect yourself. Your business is an asset that will be included in the equitable division of property that occurs during the divorce process. In the Boston area — and throughout Eastern Massachusetts — the and Norwood offices of The Massachusetts Family Law Group help clients protect their businesses in the Boston area and throughout Eastern Massachusetts. We also serve entrepreneurs and divorcing business owners in Worcester and Western Massachusetts. Contact our local offices by calling (800) 763-1030, or e-mail us to set up a FREE, no-obligation consultation.
Lawyer With a Solid Record in Business Valuation
We know that your business required a huge amount of time and effort on your part to make it profitable. We also know that your business is probably more than an asset — it is part of who you are. Our law firm's goal when representing business owners is to not only preserve their assets but also to protect their futures and identities as business owners. Our clients include owners of medical practices and law firms as well as their spouses.
Businesses are assigned a value during the property division process. The true value of a company is often a highly contested issue in divorce. Business appraisers may differ about the method used to perform the valuation. Divorcing spouses frequently dispute the value assigned by the expert. Our lawyers are known for their ability to resolve conflicts of the valuation of businesses.
Issues in Business Valuation
Spouses of business owners and their attorneys often dispute the amount assigned by business valuators. Issues include:
- The spouse's financial and intangible interest in the business
- The portion of the business that is deemed a marital asset and the portion deemed an ongoing income stream
- The method used for valuing the business
- The categorization of business profit
- Retained earnings held by the business and the extent of the officer's loan account
- The amount and source of business debt
- The value of goodwill or client lists
- Tax considerations
We consult with highly-regarded forensic accountants, appraisers and business valuation experts to help resolve disputes over matters such as these.
Do You Want a Lawyer Ready to Go All the Way to Trial?
For our lawyers, each case is a potential trial and we prepare accordingly. We are ready for anything that comes up during the process. We also offer clients a home-court advantage based on our knowledge of the Probate and Family Courts in Eastern Massachusetts. Because we appear in these courtrooms almost every day, we are able to anticipate how an individual judge might respond to proposals and scenarios related to business assets.
For more information, contact our Boston divorce lawyers for business owners at (800) 763-1030 or send an e-mail to schedule a free initial consultation. Our Boston lawyers represent business owners in divorce throughout the Eastern Massachusetts counties of Middlesex, Norfolk, Suffolk and Essex counties, including communities such as Lowell, Newton and Framingham.
