Divorce for Small Business Owners
Skilled Hudson Valley Divorce Attorneys
Divorce can be a complicated process, but when one or both parties involved owns
a small business, the stakes become much higher. A divorce proceeding
usually involves valuation of assets and
property division. For small business owners, this can be a costly process that also extends
to their company or organization. With the potential to hurt not only
their livelihood, but also that of their employees, it is clear that divorce,
if not carefully managed by a professional
Hudson Valley divorce lawyer, could be especially devastating for small business owners.
At Michael R. Varble & Associates, P.C., our knowledgeable team of
divorce lawyers offers tough and aggressive legal representation to guide
you through both the personal and business sides of divorce. We provide
experienced counsel with great insight into how to reduce the impact of
divorce on your business, and what actions to take to protect your small
business in the event that you get divorced in the future.
Reducing the Impact of Divorce on Your Small Business in Hudson Valley
From the high costs of business valuation to lost work time, divorce proceedings
can dramatically affect the viability of a small business. Our divorce
attorneys work hard to streamline the process, helping you to pursue the
best possible outcome, and seek to avoid losing your business interests
or facing dealing with your ex in the business, if this is a problem for you.
We recommend several steps to help reduce the potential impact of divorce
on your Hudson Valley small business. First, business owners can sign
a prenuptial or postnuptial agreement, which can help determine how assets
will be divided in advance. If multiple people own the business, the company's
partnership agreement can offer provisions for a buyout. Second, the two
parties involved in the divorce can also hire a financial expert to determine
the value of the business, thereby speeding up the process while keeping
costs down. Lastly, other structured settlements can help avoid the sale
of the business, preserving the company and bringing the divorce to a
Whether you are currently entering divorce proceedings, or would like to
reduce the potential impact of divorce on your business in the future,
our highly experienced team of divorce lawyers can help you navigate the process.
Contact us for a
free case evaluation today.